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: MEXC against Gate+0.154%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Gate Short on MEXC

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)+0.022%+$2 · spread now +0.154%, 7d avg +0.056%

Together, before fees+0.246%+$25 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: MEXC is 0.098% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.056%.

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 47m	$413K	$115K	25x
Short	MEXC MNT_USDT	0.6512	0.0100	get 0.0100% / 8h	2h 47m	$2.5M	$583K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.056%: $9.8
Slippage, 4 orders: −$57.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$70.32
Costs to cover: 0.801%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; MEXC: live order book, 4 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, 37 min ago	9.22 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.53 bp	10.4 bp −$10	35.2 bp −$352	103.7 bp −$10.4K	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	0.6516	+0.216%	$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	0.6517	+0.229%	$782	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6525	+0.351%	$6.6M	$892K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6512	+0.154%	$43.0M	$13.5M	25x	as long as short
Gate MNT_USDTlong	+0.0100%	4h	0.6502	long leg	$413K	$115K	25x
MEXC MNT_USDTshort	+0.0100%	8h	0.6512	+0.154%	$2.5M	$583K	100x
BingX MNT-USDT	+0.0100%	8h	0.6513	+0.169%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6516	+0.208%	$294K	$117K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6514	+0.185%	$11K	$640K	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	0.6524	+0.338%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6517	+0.231%	$89K	$218K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0228%	1h	0.6517	+0.230%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0472%	1h	0.6531	+0.451%	$136K	$66K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0633%	1h	0.6515	+0.200%	$40K	$35K	10x	as long as short