Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.008%

Price spread now: Gate against BloFin−0.139%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.139%, 7d avg −0.053%

Together, before fees−0.298%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.086% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MNT-USDT	0.6468	0.0220	pay 0.0220% / 8h	2h 05m	—	$216K	25x
Short	Gate MNT_USDT	0.6459	0.0100	get 0.0050% / 4h	2h 05m	$427K	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.139%Rate

Funding earned: −$25.2
Price spread: −0.139% → −0.053%: −$8.61
Slippage, 4 orders: −$77.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$138.56
Costs to cover: 1.048%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Gate: live order book, 15 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, 10 min ago	0.77 bp	18.4 bp −$18	49.5 bp −$495	doesn't fit	doesn't fit
Sell Gate live order book, 15 min ago	13.82 bp	38.3 bp −$38	doesn't fit	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	0.6471	+0.053%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0092%	1h	0.6526	+0.897%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6472	+0.066%	$777	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6473	+0.073%	$6.5M	$901K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6461	−0.105%	$42.4M	$14.0M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6459	−0.139%	$427K	$126K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6463	−0.077%	$2.5M	$598K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6464	−0.062%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6471	+0.050%	$288K	$120K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6502	+0.526%	$11K	$639K	50x	as long as short

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	0.6473	+0.077%	$1K	—	10x	as long as short
BloFin MNT-USDTlong	+0.0220%	8h	0.6468	long leg	—	$216K	25x
Kraken Futures PF_MNTUSD	+0.0229%	1h	0.6480	+0.187%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0608%	1h	0.6484	+0.243%	$139K	$70K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0651%	1h	0.6467	−0.015%	$51K	$42K	10x	as long as short