Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.104%

Price spread now: Lighter against MEXC+0.312%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.312%, 7d avg +0.157%

Together, before fees+0.176%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.155% dearer against MEXC than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.157%.

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	52m 15s	$2.5M	$585K	100x
Short	Lighter MNT	0.6551	0.0248	get 0.0031% / 1h	52m 15s	$140K	$68K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.312%Rate

Funding earned: $31.08
Price spread: +0.312% → +0.157%: $15.52
Slippage, 4 orders: −$58.85
Fee MEXC: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.25
Costs to cover: 0.669%
Break-even: 11.6 days

Slippage from MEXC: live order book, 10 min ago; Lighter: live order book, 8 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, 10 min ago	0.77 bp	10.0 bp −$10	49.8 bp −$498	108.4 bp −$10.8K	doesn't fit
Sell Lighter live order book, 8 min ago	9.75 bp	10.9 bp −$11	83.6 bp −$836	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	0.6535	+0.062%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6535	+0.062%	$785	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.077%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6544	+0.201%	$6.6M	$930K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6534	+0.046%	$42.9M	$14.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6519	−0.184%	$410K	$145K	25x	as long as short
MEXC MNT_USDTlong	+0.0100%	8h	0.6531	long leg	$2.5M	$585K	100x
BingX MNT-USDT	+0.0100%	8h	0.6530	−0.015%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6508	−0.358%	$272K	$146K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6507	−0.367%	$11K	$633K	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	0.6535	+0.061%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6528	−0.046%	$89K	$219K	25x	as long as short
Lighter MNTshort	+0.0248%	1h	0.6551	+0.312%	$140K	$68K	5x
Kraken Futures PF_MNTUSD	+0.0646%	1h	0.6534	+0.040%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0980%	1h	0.6533	+0.031%	$41K	$46K	10x	as long as short