Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: BingX against MEXC+0.015%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.015%, 7d avg +0.045%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.029% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDC	0.6461	0.0100	pay 0.0100% / 8h	4h 50m	$2.4M	$104K	125x
Short	BingX MNT-USDT	0.6462	0.0100	get 0.0100% / 8h	4h 50m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.045%: −$2.94
Slippage, 4 orders: −$40.97
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.91
Costs to cover: 0.590%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 14 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	11.6 bp −$12	48.5 bp −$485	168.5 bp −$16.8K	doesn't fit
Sell BingX live order book, 14 min ago	2.32 bp	20.0 bp −$20	85.9 bp −$859	320.9 bp −$32.1K	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	0.6458	−0.040%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0566%	1h	0.6454	−0.108%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6459	−0.034%	$776	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.006%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6473	+0.189%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6455	−0.094%	$42.3M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6451	−0.155%	$432K	$173K	25x	as long as short
MEXC MNT_USDClong	+0.0100%	8h	0.6461	long leg	$2.4M	$104K	125x
BingX MNT-USDTshort	+0.0100%	8h	0.6462	+0.015%	—	$2.5M	—
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6457	−0.062%	$41K	$57K	10x	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	0.6453	−0.118%	$286K	$173K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6468	+0.108%	$11K	$645K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6459	−0.031%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6459	−0.031%	$90K	$212K	25x	as long as short
Lighter MNT	+0.0440%	1h	0.6475	+0.210%	$141K	$75K	5x	as long as short