Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0910%/8h= +99.7% APRpaid last 24h +0.102%

Price spread now: Kraken Futures against MEXC+0.650%51s7-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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Kraken Futures is 0.650% dearer against MEXC than usual: you sell high and buy low: +$65 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	0.6394	0.0100	pay 0.0100% / 8h	2h 13m	$2.4M	$107K	125x
Short	Kraken Futures PF_MNTUSD	0.6436	0.1010	get 0.0126% / 1h	13m 25s	$16K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.650%Rate

Funding earned: $191.18
Price spread: +0.650% → 0.000%: $65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $238.18
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; Kraken Futures: 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, 3 min ago	2.35 bp	11.6 bp −$12	36.4 bp −$364	171.6 bp −$17.2K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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]	L −0.2622% / S +0.0192%	1h	0.6403	+0.138%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6403	+0.147%	$769	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+2.064%	$3K	$210K	12x	as long as short
ApeX Omni MNTUSDT	+0.0075%	1h	0.6392	−0.031%	$11K	$639K	50x	as long as short
Lighter MNT	+0.0096%	1h	0.6408	+0.225%	$145K	$89K	5x	as long as short
BloFin MNT-USDT	+0.0097%	8h	0.6394	0.000%	$90K	$222K	25x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6401	+0.116%	$6.4M	$910K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6400	+0.100%	$42.0M	$15.1M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6379	−0.235%	$436K	$184K	25x	as long as short
MEXC MNT_USDClong	+0.0100%	8h	0.6394	long leg	$2.4M	$107K	125x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MNT-USDT	+0.0100%	8h	0.6399	+0.078%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6385	−0.142%	$283K	$109K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6404	+0.156%	$1K	$74	10x	as long as short
Backpack MNT_USDC_PERP	+0.0388%	1h	0.6393	−0.016%	$41K	$61K	10x	as long as short
Kraken Futures PF_MNTUSDshort	+0.1010%	1h	0.6436	+0.650%	$16K	$39K	20x