Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: Bybit against ApeX Omni+0.032%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.032%, 7d avg −0.022%

Together, before fees−0.113%−$11 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: Bybit is 0.054% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MNTUSDT	0.6494	0.0100	pay 0.0013% / 1h	15m 04s	$10K	$635K	50x
Short	Bybit MNTUSDT	0.6496	0.0100	get 0.0100% / 8h	1h 15m	$42.6M	$14.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.022%: $5.44
Slippage, 4 orders: −$34.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.81
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	4.62 bp	12.3 bp −$12	97.4 bp −$974	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.77 bp	12.3 bp −$12	86.0 bp −$860	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	0.6496	+0.037%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0080%	1h	0.6526	+0.493%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6497	+0.049%	$780	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6508	+0.211%	$6.5M	$919K	5x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6496	+0.032%	$42.6M	$14.0M	25x
Gate MNT_USDT	+0.0100%	4h	0.6473	−0.323%	$414K	$130K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6493	−0.015%	$2.5M	$595K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6492	−0.031%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6493	−0.020%	$291K	$123K	—	as long as short
ApeX Omni MNTUSDTlong	+0.0100%	1h	0.6494	long leg	$10K	$635K	50x

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	0.6504	+0.154%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6496	+0.031%	$89K	$223K	25x	as long as short
Lighter MNT	+0.0272%	1h	0.6515	+0.325%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0319%	1h	0.6496	+0.032%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0758%	1h	0.6495	+0.015%	$41K	$45K	10x	as long as short