Settings8H · net · $10k
Funding arb · Price arb /

MNT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0202%/8h= −22.1% APRnext payment $0.25 per $10,000 · paid last 24h −0.057%
Price spread now: GMX against gTrade (Gains Network)−0.023%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GMX is 0.023% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) MNT/USD0.6464L +0.0010% / S 0.0000%pay 0.0001% / 1h13m 32s$776150x
ShortGMX MNT/USD [ETH-USDC]0.6462L −0.2622% / S +0.0192%pay 0.0024% / 1h13m 32s$19100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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

Funding earned
−$42.35
Price spread: −0.023% → 0.000%
−$2.26
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$66.6
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell GMX no order-book sample
gTrade (Gains Network) and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MNT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MNT/USD [ETH-USDC]shortL −0.2622% / S +0.0192%1h0.6462−0.023%$19100x
Kraken Futures PF_MNTUSD−0.0565%1h0.6460−0.058%$16K$28K20xas long as short
gTrade (Gains Network) MNT/USDlongL +0.0010% / S 0.0000%1h0.6464long leg$776150x
Injective MNT/USDC PERP+0.0033%1h0.6526+0.962%$3K$210K12xas long as short
Hyperliquid MNT+0.0100%1h0.6474+0.162%$6.6M$879K5xas long as short
Bybit MNTUSDT+0.0100%8h0.6467+0.049%$42.4M$14.7M25xas long as short
Gate MNT_USDT+0.0100%4h0.6444−0.306%$434K$175K25xas long as short
MEXC MNT_USDC+0.0100%8h0.6463−0.013%$2.4M$106K125xas long as short
BingX MNT-USDT+0.0100%8h0.6465+0.018%$2.5Mas long as short
Backpack MNT_USDC_PERP+0.0100%1h0.6459−0.074%$41K$54K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MNT+0.0100%8h0.6452−0.177%$286K$111Kas long as short
ApeX Omni MNTUSDT+0.0100%1h0.6452−0.183%$11K$640K50xas long as short
Orderly PERP_MNT_USDC+0.0100%8h0.6463−0.013%$1K10xas long as short
BloFin MNT-USDT+0.0220%8h0.6464+0.003%$90K$214K25xas long as short
Lighter MNT+0.0424%1h0.6483+0.305%$142K$75K5xas long as short