Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.009%

Price spread now: MEXC against Injective−0.046%7-day average −0.231% · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+1.705%+$170 · spread now −0.046%, 7d avg −0.231%

Together, before fees+1.758%+$176 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 MEXC is 0.185% dearer against Injective than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.231%.

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	53m 19s	$3K	$210K	12x
Short	MEXC MNT_USDT	0.6523	0.0100	get 0.0100% / 8h	53m 19s	$2.5M	$585K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $14
Price spread: −0.046% → −0.231%: $18.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 4 bp × 2 orders: −$8
Net: $24.51
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 9 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 MEXC live order book, 9 min ago	0.77 bp	8.8 bp −$9	46.6 bp −$466	113.1 bp −$11.3K	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	0.6530	+0.055%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6530	+0.059%	$784	—	150x	as long as short
Injective MNT/USDC PERPlong	+0.0033%	1h	0.6526	long leg	$3K	$210K	12x
Hyperliquid MNT	+0.0100%	1h	0.6537	+0.173%	$6.6M	$929K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6527	+0.015%	$42.8M	$14.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6505	−0.322%	$409K	$145K	25x	as long as short
MEXC MNT_USDTshort	+0.0100%	8h	0.6523	−0.046%	$2.5M	$585K	100x
BingX MNT-USDT	+0.0100%	8h	0.6524	−0.031%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6508	−0.282%	$272K	$146K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6507	−0.291%	$11K	$633K	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	+0.077%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6528	+0.031%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0256%	1h	0.6548	+0.337%	$140K	$68K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0646%	1h	0.6530	+0.063%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0966%	1h	0.6519	−0.107%	$41K	$45K	10x	as long as short