Funding you earn now, next payment 02:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h −0.014%
Price spread now: MEXC against ApeX Omni−0.172%81s7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as 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−$480.480% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.172%, 7d avg −0.055%
=Funding pays, the price is against you. MEXC is 0.116% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of −0.055%). If the spread goes back, that is −$12 on $10k: about 39 hours of funding at the current rate (+$7 a day). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MNTUSDT | 0.6412 | −0.0138 | get 0.0017% / 1h | 18m 03s | $11K | $641K | 50x |
| Short | MEXC MNT_USDC | 0.6401 | 0.0100 | get 0.0100% / 8h | 6h 18m | $2.4M | $104K | 125x |
ApeX Omni MNTUSDT
MEXC MNT_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $49.96
- Price spread: −0.172% → −0.055%
- −$11.65
- Slippage, 4 orders
- −$30.03
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$9.71
- Costs to cover
- 0.480%
- Break-even
- 8.4 days
Slippage from ApeX Omni: live order book, 50 min ago; MEXC: 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, 50 min ago | 4.61 bp | 13.1 bp −$13 | 110.0 bp −$1,100 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.56 bp | 11.1 bp −$11 | 60.2 bp −$602 | 201.9 bp −$20.2K | doesn't fit |
MNT on 14 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 | 0.6408 | −0.056% | $19 | — | 100x | as long as short |
| ApeX Omni MNTUSDTlong | −0.0138% | 1h | 0.6412 | long leg | $11K | $641K | 50x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6408 | −0.058% | $769 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +1.778% | $3K | $210K | 12x | as long as short |
| Lighter MNT | +0.0096% | 1h | 0.6424 | +0.187% | $138K | $73K | 5x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6413 | +0.011% | $6.6M | $945K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6399 | −0.209% | $41.9M | $15.0M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6388 | −0.374% | $412K | $165K | 25x | as long as short |
| MEXC MNT_USDCshort | +0.0100% | 8h | 0.6401 | −0.172% | $2.4M | $104K | 125x | |
| BingX MNT-USDT | +0.0100% | 8h | 0.6400 | −0.187% | — | $2.5M | — | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Lighter MNT
Hyperliquid MNT
Bybit MNTUSDT
Gate MNT_USDT
BingX MNT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MNT | +0.0100% | 8h | 0.6406 | −0.089% | $284K | $174K | — | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6415 | +0.047% | $1K | — | 10x | as long as short |
| Backpack MNT_USDC_PERP | +0.0270% | 1h | 0.6403 | −0.140% | $46K | $57K | 10x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0385% | 1h | 0.6402 | −0.154% | $16K | $29K | 20x | as long as short |
Variational Omni MNT
Orderly PERP_MNT_USDC
Backpack MNT_USDC_PERP
Kraken Futures PF_MNTUSD