Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.012%

Price spread now: ApeX Omni against MEXC−0.124%81s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.567% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.124%, 7d avg +0.054%

Together, before fees+0.331%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.178% cheaper against MEXC than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 81 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	MEXC MNT_USDC	0.6466	0.0100	pay 0.0100% / 8h	5h 36m	$2.4M	$103K	125x
Short	ApeX Omni MNTUSDT	0.6458	0.0020	get 0.0003% / 1h	36m 06s	$11K	$642K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.124%Rate

Funding earned: −$16.78
Price spread: −0.124% → +0.054%: −$17.79
Slippage, 4 orders: −$38.67
Fee MEXC: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$91.24
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; ApeX Omni: live order book, 27 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 MEXC live order book, 1 min ago	1.55 bp	10.8 bp −$11	45.1 bp −$451	164.1 bp −$16.4K	doesn't fit
Sell ApeX Omni live order book, 27 min ago	8.60 bp	17.7 bp −$18	113.4 bp −$1,134	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	0.6475	+0.133%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0447%	1h	0.6469	+0.052%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6475	+0.135%	$777	—	150x	as long as short
ApeX Omni MNTUSDTshort	+0.0020%	1h	0.6458	−0.124%	$11K	$642K	50x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.928%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6483	+0.260%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6474	+0.124%	$42.4M	$14.8M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6447	−0.294%	$425K	$170K	25x	as long as short
MEXC MNT_USDClong	+0.0100%	8h	0.6466	long leg	$2.4M	$103K	125x
BingX MNT-USDT	+0.0100%	8h	0.6473	+0.108%	—	$2.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6471	+0.081%	$287K	$173K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6474	+0.124%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6451	−0.232%	$90K	$211K	25x	as long as short
Lighter MNT	+0.0240%	1h	0.6494	+0.430%	$143K	$75K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0517%	1h	0.6474	+0.124%	$44K	$56K	10x	as long as short