Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.029%

Price spread now: Gate against Injective+0.215%69s7-day average −0.295% · you sell dearer than you buy

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 3 days (all we have)+1.420%+$142 · spread now +0.215%, 7d avg −0.295%

Together, before fees+1.249%+$125 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.510% dearer against Injective than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of −0.295%. Mind the row above: over the last 7 days funding on this pair cost −0.171%, so the current rate has only just turned in your favour. The two prices were read 69 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	Injective MNT/USDC PERP	0.6526	0.0033	pay 0.0004% / 1h	19m 58s	$3K	$210K	12x
Short	Gate MNT_USDT	0.6540	0.0100	get 0.0050% / 4h	3h 19m	$424K	$157K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee GatebpOrdersPrice spread, now +0.215%Rate

Funding earned: $14
Price spread: +0.215% → −0.295%: $50.99
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $49.97
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 50 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 50 min ago	10.79 bp	44.0 bp −$44	doesn't fit	doesn't fit	doesn't fit

Injective: 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]	L −0.2622% / S +0.0192%	1h	0.6552	+0.394%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6555	+0.441%	$787	—	150x	as long as short
Injective MNT/USDC PERPlong	+0.0033%	1h	0.6526	long leg	$3K	$210K	12x
Bybit MNTUSDT	+0.0100%	8h	0.6551	+0.383%	$43.2M	$14.3M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6540	+0.215%	$424K	$157K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6553	+0.414%	$2.5M	$593K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6548	+0.337%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6557	+0.481%	$296K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6560	+0.521%	$11K	$637K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6558	+0.490%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MNT-USDT	+0.0220%	8h	0.6566	+0.613%	$90K	$222K	25x	as long as short
Hyperliquid MNT	+0.0237%	1h	0.6563	+0.568%	$6.7M	$979K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0588%	1h	0.6580	+0.824%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0600%	1h	0.6571	+0.690%	$141K	$70K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0760%	1h	0.6550	+0.368%	$38K	$47K	10x	as long as short