Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: Bybit against Gate+0.368%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$1071.069% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.368%, 7d avg +0.075%

Together, before fees+0.039%+$4 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: Bybit is 0.293% dearer against Gate than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MNT_USDT	0.6448	0.0100	pay 0.0050% / 4h	1h 35m	$425K	$170K	25x
Short	Bybit MNTUSDT	0.6472	0.0100	get 0.0100% / 8h	5h 35m	$42.4M	$14.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.368%Rate

Funding earned: $0
Price spread: +0.368% → +0.075%: $29.26
Slippage, 4 orders: −$80.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.62
Costs to cover: 1.069%
Break-even: never at this rate

Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 3 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, 25 min ago	6.27 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.55 bp	23.7 bp −$24	112.7 bp −$1,127	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	0.6475	+0.413%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0447%	1h	0.6469	+0.331%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6475	+0.415%	$777	—	150x	as long as short
ApeX Omni MNTUSDT	+0.0020%	1h	0.6458	+0.155%	$11K	$642K	50x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.210%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6480	+0.495%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6472	+0.368%	$42.4M	$14.8M	25x
Gate MNT_USDTlong	+0.0100%	4h	0.6448	long leg	$425K	$170K	25x
MEXC MNT_USDC	+0.0100%	8h	0.6464	+0.248%	$2.4M	$103K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6471	+0.357%	—	$2.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6471	+0.360%	$287K	$173K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6474	+0.403%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6451	+0.047%	$90K	$211K	25x	as long as short
Lighter MNT	+0.0240%	1h	0.6489	+0.631%	$142K	$75K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0517%	1h	0.6474	+0.403%	$44K	$56K	10x	as long as short