Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.086%

Price spread now: Gate against Lighter−0.576%7-day average −0.224% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1231.233% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.545%−$55 on $10k

Price spread, last 4 days (all we have)+0.306%+$31 · spread now −0.576%, 7d avg −0.224%

Together, before fees−0.240%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.352% cheaper against Lighter than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.224%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MNT	0.6563	0.0456	pay 0.0057% / 1h	42m 22s	$141K	$70K	5x
Short	Gate MNT_USDT	0.6525	0.0100	get 0.0050% / 4h	3h 42m	$423K	$154K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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 LighterbpFee GatebpOrdersPrice spread, now −0.576%Rate

Funding earned: −$74.76
Price spread: −0.576% → −0.224%: −$35.23
Slippage, 4 orders: −$108.27
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$233.26
Costs to cover: 1.233%
Break-even: never at this rate

Slippage from Lighter: live order book, 13 min ago; Gate: live order book, 28 min ago.

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 Lighter live order book, 13 min ago	7.58 bp	34.0 bp −$34	96.3 bp −$963	doesn't fit	doesn't fit
Sell Gate live order book, 28 min ago	10.79 bp	44.0 bp −$44	doesn't fit	doesn't fit	doesn't fit

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	0.6548	−0.223%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6548	−0.219%	$786	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.561%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6547	−0.241%	$43.1M	$14.4M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6525	−0.576%	$423K	$154K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6545	−0.271%	$2.5M	$587K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6546	−0.256%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6532	−0.470%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6531	−0.485%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6550	−0.195%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MNT	+0.0197%	1h	0.6560	−0.043%	$6.7M	$1.0M	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6547	−0.241%	$89K	$219K	25x	as long as short
Lighter MNTlong	+0.0456%	1h	0.6563	long leg	$141K	$70K	5x
Kraken Futures PF_MNTUSD	+0.0591%	1h	0.6545	−0.273%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0760%	1h	0.6544	−0.286%	$38K	$48K	10x	as long as short