Funding you earn now, next payment 16:00 UTC−0.0202%/8h= −22.1% APRnext payment −$2.02 per $10,000 · paid last 24h −0.044%
Price spread now: Bybit against BloFin+0.136%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.552%−$55 · spread now +0.136%, 7d avg +0.006%
=The price spread pays, funding is against you. Bybit is 0.130% dearer against BloFin than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.006%): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.039% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.02 per $10,000. 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 | BloFin MNT-USDT | 0.6398 | 0.0302 | pay 0.0302% / 8h | 7h 32m | $91K | $187K | 25x |
| Short | Bybit MNTUSDT | 0.6407 | 0.0100 | get 0.0100% / 8h | 7h 32m | $42.2M | $15.2M | 25x |
BloFin MNT-USDT
Bybit MNTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$42.33
- Price spread: +0.136% → +0.006%
- $13.03
- Slippage, 4 orders
- −$53.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$105.6
- Costs to cover
- 0.763%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 min ago; Bybit: live order book, 1 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 BloFin live order book, 33 min ago | 1.56 bp | 17.8 bp −$18 | 52.1 bp −$521 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.56 bp | 18.1 bp −$18 | 80.5 bp −$805 | 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 | 0.6408 | +0.153% | $19 | — | 100x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6413 | +0.229% | $770 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +2.001% | $3K | $210K | 12x | as long as short |
| Lighter MNT | +0.0096% | 1h | 0.6423 | +0.392% | $144K | $90K | 5x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6415 | +0.270% | $6.4M | $915K | 5x | as long as short |
| Bybit MNTUSDTshort | +0.0100% | 8h | 0.6407 | +0.136% | $42.2M | $15.2M | 25x | |
| Gate MNT_USDT | +0.0100% | 4h | 0.6413 | +0.234% | $451K | $176K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6408 | +0.156% | $2.4M | $105K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6408 | +0.156% | — | $2.6M | — | as long as short |
| Backpack MNT_USDC_PERP | +0.0100% | 1h | 0.6409 | +0.172% | $39K | $61K | 10x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Lighter MNT
Hyperliquid MNT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDT
Backpack MNT_USDC_PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MNT | +0.0100% | 8h | 0.6421 | +0.366% | $287K | $111K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6428 | +0.469% | $11K | $640K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6415 | +0.266% | $1K | $74 | 10x | as long as short |
| BloFin MNT-USDTlong | +0.0302% | 8h | 0.6398 | long leg | $91K | $187K | 25x | |
| Kraken Futures PF_MNTUSD | +0.1535% | 1h | 0.6418 | +0.313% | $16K | $40K | 20x | as long as short |
Variational Omni MNT
ApeX Omni MNTUSDT
Orderly PERP_MNT_USDC
Kraken Futures PF_MNTUSD