Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Gate against MEXC−0.108%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.108%, 7d avg −0.045%

Together, before fees−0.267%−$27 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: Gate is 0.063% cheaper against MEXC than usual: you would sell low and buy high, −$6 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	0.6474	0.0100	pay 0.0100% / 8h	5h 16m	$2.4M	$105K	125x
Short	Gate MNT_USDT	0.6467	0.0100	get 0.0050% / 4h	1h 16m	$427K	$171K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → −0.045%: −$6.31
Slippage, 4 orders: −$62.14
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$91.45
Costs to cover: 0.851%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 45 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	1.54 bp	11.7 bp −$12	52.6 bp −$526	191.6 bp −$19.2K	doesn't fit
Sell Gate live order book, 45 min ago	6.27 bp	34.8 bp −$35	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	0.6480	+0.089%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0446%	1h	0.6477	+0.047%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6480	+0.090%	$778	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.803%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6490	+0.239%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6477	+0.046%	$42.4M	$14.8M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6467	−0.108%	$427K	$171K	25x
MEXC MNT_USDClong	+0.0100%	8h	0.6474	long leg	$2.4M	$105K	125x
BingX MNT-USDT	+0.0100%	8h	0.6476	+0.031%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6477	+0.042%	$287K	$173K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6484	+0.154%	$11K	$645K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6485	+0.170%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6483	+0.139%	$91K	$212K	25x	as long as short
Lighter MNT	+0.0336%	1h	0.6496	+0.343%	$143K	$75K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0462%	1h	0.6477	+0.046%	$43K	$56K	10x	as long as short