Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.073%

Price spread now: Lighter against Gate+0.488%7-day average +0.206% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.529%+$53 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.488%, 7d avg +0.206%

Together, before fees+0.396%+ Points / potential airdropLighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.281% dearer against Gate than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.206%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MNT_USDT	0.6502	0.0100	pay 0.0050% / 4h	2h 55m	$413K	$115K	25x
Short	Lighter MNT	0.6534	0.0376	get 0.0047% / 1h	55m 19s	$136K	$65K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.488%Rate

Funding earned: $57.96
Price spread: +0.488% → +0.206%: $28.12
Slippage, 4 orders: −$85.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.05
Costs to cover: 1.001%
Break-even: 8.7 days

Slippage from Gate: live order book, 29 min ago; Lighter: live order book, 27 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, 29 min ago	9.22 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 27 min ago	9.34 bp	11.3 bp −$11	92.9 bp −$929	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	0.6524	+0.337%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0092%	1h	0.6522	+0.308%	$3K	$171K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6524	+0.333%	$783	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6532	+0.468%	$6.6M	$889K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6522	+0.308%	$43.0M	$13.6M	25x	as long as short
Gate MNT_USDTlong	+0.0100%	4h	0.6502	long leg	$413K	$115K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6518	+0.246%	$2.5M	$575K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6520	+0.277%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6519	+0.261%	$294K	$117K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6514	+0.185%	$11K	$639K	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	0.6531	+0.446%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6519	+0.261%	$90K	$219K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0228%	1h	0.6522	+0.304%	$17K	$21K	20x	as long as short
Lighter MNTshort	+0.0376%	1h	0.6534	+0.488%	$136K	$65K	5x
Backpack MNT_USDC_PERP	+0.0698%	1h	0.6518	+0.246%	$40K	$35K	10x	as long as short