Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: BingX against ApeX Omni−0.247%68s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.735% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.247%, 7d avg −0.035%

Together, before fees+0.098%+$10 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: BingX is 0.212% cheaper against ApeX Omni than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 68 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	ApeX Omni MNTUSDT	0.6467	0.0100	pay 0.0013% / 1h	6m 16s	$11K	$645K	50x
Short	BingX MNT-USDT	0.6451	0.0100	get 0.0100% / 8h	5h 06m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.247%Rate

Funding earned: $0
Price spread: −0.247% → −0.035%: −$21.2
Slippage, 4 orders: −$53.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.71
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; BingX: 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 ApeX Omni live order book, 57 min ago	8.60 bp	17.2 bp −$17	107.4 bp −$1,074	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.32 bp	16.8 bp −$17	83.6 bp −$836	308.7 bp −$30.9K	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	0.6455	−0.178%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0448%	1h	0.6451	−0.254%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6457	−0.157%	$775	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.912%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6464	−0.049%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6454	−0.201%	$42.3M	$14.8M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6453	−0.216%	$432K	$173K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6453	−0.216%	$2.4M	$106K	125x	as long as short
BingX MNT-USDTshort	+0.0100%	8h	0.6451	−0.247%	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6475	+0.127%	$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 MNTUSDTlong	+0.0100%	1h	0.6467	long leg	$11K	$645K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6463	−0.062%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6457	−0.155%	$90K	$212K	25x	as long as short
Lighter MNT	+0.0336%	1h	0.6471	+0.068%	$142K	$75K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0356%	1h	0.6458	−0.139%	$43K	$56K	10x	as long as short