Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0547%/8h= −59.9% APRpaid last 24h −0.108%

Price spread now: Gate against Kraken Futures−0.515%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.515% cheaper against Kraken Futures than usual: you would sell low and buy high (−$52 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MNTUSD	0.6522	0.0647	pay 0.0081% / 1h	2m 48s	$17K	$20K	20x
Short	Gate MNT_USDT	0.6488	0.0100	get 0.0050% / 4h	2m 48s	$415K	$153K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.515%Rate

Funding earned: −$114.91
Price spread: −0.515% → 0.000%: −$51.51
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$191.41
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 8 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Gate live order book, 8 min ago	10.79 bp	44.0 bp −$44	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: 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	0.6507	−0.222%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6508	−0.202%	$781	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.068%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6515	−0.101%	$6.7M	$1.0M	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6503	−0.287%	$42.8M	$14.5M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6488	−0.515%	$415K	$153K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6504	−0.270%	$2.5M	$589K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6500	−0.331%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6502	−0.306%	$294K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6501	−0.316%	$10K	$634K	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	0.6514	−0.116%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6505	−0.254%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0464%	1h	0.6523	+0.020%	$140K	$71K	5x	as long as short
Kraken Futures PF_MNTUSDlong	+0.0647%	1h	0.6522	long leg	$17K	$20K	20x
Backpack MNT_USDC_PERP	+0.0744%	1h	0.6503	−0.285%	$39K	$47K	10x	as long as short