Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2722%/8h= +298.1% APRpaid last 24h +0.748%

Price spread now: Orderly against GMX+0.157%7-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 Orderly

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 +$82 a day on $10k at the current rate, and Orderly is 0.157% dearer against GMX than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MNT/USD [ETH-USDC]	0.6533	L −0.2622% / S +0.0192%	get 0.0328% / 1h	13m 31s	$19	—	100x
Short	Orderly PERP_MNT_USDC	0.6543	0.0100	get 0.0100% / 8h	7h 13m	$1K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.157%Rate

Funding earned: $571.65
Price spread: +0.157% → 0.000%: $15.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $569.32
Costs to cover: 0.180%
Break-even: 0.0 days

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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	0.6533	long leg	$19	—	100x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6534	+0.016%	$785	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.103%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6519	−0.215%	$43.0M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6503	−0.456%	$422K	$158K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6520	−0.195%	$2.5M	$593K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6520	−0.195%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6531	−0.027%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6531	−0.027%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDCshort	+0.0100%	8h	0.6543	+0.157%	$1K	—	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MNT-USDT	+0.0220%	8h	0.6529	−0.058%	$89K	$225K	25x	as long as short
Hyperliquid MNT	+0.0243%	1h	0.6534	+0.017%	$6.7M	$981K	5x	as long as short
Lighter MNT	+0.0576%	1h	0.6541	+0.129%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0589%	1h	0.6562	+0.455%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0700%	1h	0.6525	−0.119%	$38K	$47K	10x	as long as short