Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2842%/8h= +311.2% APRpaid last 24h +0.761%

Price spread now: BloFin against GMX+0.089%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$85 a day on $10k at the current rate, and BloFin is 0.089% dearer against GMX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MNT/USD [ETH-USDC]	0.6452	L −0.2622% / S +0.0192%	get 0.0328% / 1h	38m 12s	$19	—	100x
Short	BloFin MNT-USDT	0.6458	0.0220	get 0.0220% / 8h	5h 38m	$90K	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now +0.089%Rate

Funding earned: $596.85
Price spread: +0.089% → 0.000%: $8.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $581.72
Costs to cover: 0.240%
Break-even: 0.2 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 82 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 82 min ago	0.77 bp	30.1 bp −$30	52.4 bp −$524	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]long	L −0.2622% / S +0.0192%	1h	0.6452	long leg	$19	—	100x
Kraken Futures PF_MNTUSD	−0.0449%	1h	0.6444	−0.134%	$16K	$28K	20x	as long as short
ApeX Omni MNTUSDT	−0.0098%	1h	0.6448	−0.066%	$11K	$643K	50x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6453	+0.016%	$775	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.143%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6469	+0.265%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6448	−0.066%	$42.2M	$14.8M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6436	−0.252%	$424K	$170K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6449	−0.051%	$2.4M	$103K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6448	−0.066%	—	$2.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6453	+0.015%	$286K	$173K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6453	+0.011%	$1K	—	10x	as long as short
Lighter MNT	+0.0208%	1h	0.6470	+0.272%	$142K	$75K	5x	as long as short
BloFin MNT-USDTshort	+0.0220%	8h	0.6458	+0.089%	$90K	$212K	25x
Backpack MNT_USDC_PERP	+0.0526%	1h	0.6447	−0.082%	$44K	$56K	10x	as long as short