Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.063%

Price spread now: GMX against MEXC+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.102% dearer against MEXC than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDT	0.6506	0.0100	pay 0.0100% / 8h	1m 05s	$2.5M	$589K	100x
Short	GMX MNT/USD [ETH-USDC]	0.6513	L −0.2622% / S +0.0192%	pay 0.0024% / 1h	1m 05s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$61.26
Price spread: +0.102% → 0.000%: $10.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$71.04
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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	0.77 bp	12.4 bp −$12	43.4 bp −$434	114.6 bp −$11.5K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −0.2622% / S +0.0192%	1h	0.6513	+0.102%	$19	—	100x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6512	+0.094%	$782	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.307%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6524	+0.280%	$6.7M	$1.0M	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6512	+0.097%	$42.9M	$14.5M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6490	−0.246%	$418K	$154K	25x	as long as short
MEXC MNT_USDTlong	+0.0100%	8h	0.6506	long leg	$2.5M	$589K	100x
BingX MNT-USDT	+0.0100%	8h	0.6511	+0.077%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6502	−0.067%	$294K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6506	0.000%	$11K	$634K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6515	+0.138%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6508	+0.031%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0464%	1h	0.6531	+0.390%	$140K	$71K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0648%	1h	0.6512	+0.088%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0726%	1h	0.6510	+0.061%	$39K	$47K	10x	as long as short