Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: Bybit against Gate+0.324%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$970.967% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.324%, 7d avg +0.065%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.260% dearer against Gate than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MNT_USDT	0.6475	0.0100	pay 0.0050% / 4h	1h 00m	$409K	$139K	25x
Short	Bybit MNTUSDT	0.6496	0.0100	get 0.0100% / 8h	1h 00m	$42.6M	$14.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.324%Rate

Funding earned: $0
Price spread: +0.324% → +0.065%: $25.96
Slippage, 4 orders: −$70.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$70.75
Costs to cover: 0.967%
Break-even: never at this rate

Slippage from Gate: live order book, 15 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 15 min ago	11.58 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.77 bp	15.0 bp −$15	89.2 bp −$892	doesn't fit	doesn't fit

MNT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX MNT/USD [ETH-USDC]	L −0.2622% / S +0.0192%	1h	0.6494	+0.287%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0080%	1h	0.6526	+0.788%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6494	+0.296%	$780	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6507	+0.496%	$6.5M	$920K	5x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6496	+0.324%	$42.6M	$14.1M	25x
Gate MNT_USDTlong	+0.0100%	4h	0.6475	long leg	$409K	$139K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6493	+0.278%	$2.5M	$597K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6494	+0.293%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6488	+0.195%	$271K	$146K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6491	+0.247%	$10K	$634K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6496	+0.324%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6493	+0.278%	$89K	$218K	25x	as long as short
Lighter MNT	+0.0288%	1h	0.6513	+0.588%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0319%	1h	0.6509	+0.521%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0732%	1h	0.6493	+0.278%	$41K	$45K	10x	as long as short