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 0.000%

Price spread now: Bybit against MEXC+0.031%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.031%, 7d avg +0.004%

Together, before fees−0.022%−$2 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: Bybit is 0.026% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDT	0.6531	0.0100	pay 0.0100% / 8h	7h 16m	$2.5M	$593K	100x
Short	Bybit MNTUSDT	0.6533	0.0100	get 0.0100% / 8h	7h 16m	$43.1M	$14.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.004%: $2.65
Slippage, 4 orders: −$37.56
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.91
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Bybit: live order book, 2 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, just now	0.77 bp	6.5 bp −$7	42.9 bp −$429	109.1 bp −$10.9K	doesn't fit
Sell Bybit live order book, 2 min ago	1.53 bp	20.6 bp −$21	86.9 bp −$869	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	0.6534	+0.049%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6535	+0.064%	$785	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.077%	$3K	$210K	12x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6533	+0.031%	$43.1M	$14.4M	25x
Gate MNT_USDT	+0.0100%	4h	0.6515	−0.245%	$422K	$157K	25x	as long as short
MEXC MNT_USDTlong	+0.0100%	8h	0.6531	long leg	$2.5M	$593K	100x
BingX MNT-USDT	+0.0100%	8h	0.6530	−0.015%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6557	+0.405%	$296K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6560	+0.444%	$11K	$637K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6543	+0.184%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MNT-USDT	+0.0220%	8h	0.6526	−0.077%	$89K	$221K	25x	as long as short
Hyperliquid MNT	+0.0240%	1h	0.6545	+0.214%	$6.7M	$980K	5x	as long as short
Lighter MNT	+0.0584%	1h	0.6548	+0.266%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0589%	1h	0.6561	+0.465%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0722%	1h	0.6528	−0.046%	$38K	$47K	10x	as long as short