Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against Orderly−0.030%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.030% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MNT_USDC	0.6398	0.0100	pay 0.0100% / 8h	2h 17m	$1K	$74	10x
Short	gTrade (Gains Network) MNT/USD	0.6396	L +0.0010% / S 0.0000%	pay 0.0000% / 1h	17m 49s	$768	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.030%Rate

Funding earned: −$21.1
Price spread: −0.030% → 0.000%: −$2.99
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.08
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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	0.6397	−0.021%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USDshort	L +0.0010% / S 0.0000%	1h	0.6396	−0.030%	$768	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+2.001%	$3K	$210K	12x	as long as short
ApeX Omni MNTUSDT	+0.0066%	1h	0.6358	−0.625%	$10K	$639K	50x	as long as short
Lighter MNT	+0.0096%	1h	0.6409	+0.169%	$145K	$89K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6397	−0.013%	$6.4M	$908K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6391	−0.106%	$41.9M	$15.1M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6381	−0.266%	$436K	$184K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6386	−0.188%	$2.4M	$107K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6389	−0.141%	—	$2.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6365	−0.510%	$283K	$109K	—	as long as short
Orderly PERP_MNT_USDClong	+0.0100%	8h	0.6398	long leg	$1K	$74	10x
BloFin MNT-USDT	+0.0130%	8h	0.6385	−0.203%	$90K	$222K	25x	as long as short
Backpack MNT_USDC_PERP	+0.0386%	1h	0.6395	−0.047%	$41K	$61K	10x	as long as short
Kraken Futures PF_MNTUSD	+0.1014%	1h	0.6413	+0.229%	$16K	$39K	20x	as long as short