Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: ApeX Omni against Gate+0.123%51s7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as 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−$1001.003% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.123%, 7d avg +0.102%

Together, before fees+0.234%+$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.102%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MNT_USDT	0.6478	0.0100	pay 0.0050% / 4h	1h 52m	$435K	$167K	25x
Short	ApeX Omni MNTUSDT	0.6486	0.0100	get 0.0013% / 1h	52m 28s	$11K	$642K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → +0.102%: $2.15
Slippage, 4 orders: −$75.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$98.12
Costs to cover: 1.003%
Break-even: never at this rate

Slippage from Gate: live order book, 56 min ago; ApeX Omni: live order book, 58 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 Gate live order book, 56 min ago	8.53 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 58 min ago	8.53 bp	16.2 bp −$16	109.5 bp −$1,095	doesn't fit	doesn't fit

MNT on 15 exchanges

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	0.6481	+0.039%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6479	+0.018%	$778	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.741%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6485	+0.114%	$6.5M	$694K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6475	−0.046%	$42.9M	$13.6M	25x	as long as short
Gate MNT_USDTlong	+0.0100%	4h	0.6478	long leg	$435K	$167K	25x
MEXC MNT_USDC	+0.0100%	8h	0.6476	−0.031%	$2.3M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6475	−0.046%	—	$2.6M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6473	−0.072%	$290K	$102K	—	as long as short
ApeX Omni MNTUSDTshort	+0.0100%	1h	0.6486	+0.123%	$11K	$642K	50x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6484	+0.093%	$1K	$74	10x	as long as short
Backpack MNT_USDC_PERP	+0.0117%	1h	0.6479	+0.015%	$36K	$60K	10x	as long as short
BloFin MNT-USDT	+0.0174%	8h	0.6474	−0.062%	$91K	$117K	25x	as long as short
Lighter MNT	+0.0208%	1h	0.6495	+0.256%	$147K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.1626%	1h	0.6495	+0.263%	$16K	$39K	20x	as long as short