Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.007%

Price spread now: MEXC against gTrade (Gains Network)−0.070%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on MEXC

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.070% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MNT/USD	0.6498	L +0.0010% / S 0.0000%	pay 0.0001% / 1h	15m 54s	$780	—	150x
Short	MEXC MNT_USDC	0.6493	0.0100	get 0.0100% / 8h	3h 15m	$2.4M	$106K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.070%Rate

Funding earned: $18.91
Price spread: −0.070% → 0.000%: −$7.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$6.1
Costs to cover: 0.180%
Break-even: 9.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	1.54 bp	10.5 bp −$11	58.7 bp −$587	156.4 bp −$15.6K	doesn't fit

gTrade (Gains Network): 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.

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	0.6497	−0.006%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0734%	1h	0.6514	+0.260%	$16K	$39K	20x	as long as short
gTrade (Gains Network) MNT/USDlong	L +0.0010% / S 0.0000%	1h	0.6498	long leg	$780	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.438%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6507	+0.145%	$6.7M	$761K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6499	+0.022%	$42.8M	$14.6M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6489	−0.132%	$439K	$176K	25x	as long as short
MEXC MNT_USDCshort	+0.0100%	8h	0.6493	−0.070%	$2.4M	$106K	125x
BingX MNT-USDT	+0.0100%	8h	0.6496	−0.024%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6495	−0.042%	$288K	$110K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6499	+0.022%	$11K	$641K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6498	+0.007%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6498	+0.007%	$90K	$216K	25x	as long as short
Lighter MNT	+0.0464%	1h	0.6515	+0.275%	$148K	$84K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0553%	1h	0.6497	−0.009%	$36K	$57K	10x	as long as short