Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2722%/8h= +298.1% APRpaid last 24h +0.769%

Price spread now: Gate against GMX−0.116%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Gate

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. Gate is 0.116% cheaper against GMX than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3 hours of funding at the current rate (+$82 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MNT/USD [ETH-USDC]	0.6521	L −0.2622% / S +0.0192%	get 0.0328% / 1h	27m 35s	$19	—	100x
Short	Gate MNT_USDT	0.6513	0.0100	get 0.0050% / 4h	3h 27m	$445K	$173K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GMX. 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 GMXbpFee GatebpOrdersPrice spread, now −0.116%Rate

Funding earned: $571.65
Price spread: −0.116% → 0.000%: −$11.58
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $533.07
Costs to cover: 0.270%
Break-even: 0.5 days

Slippage unknown: GMX: no order-book sample; Gate: live order book, 23 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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 23 min ago	11.58 bp	39.8 bp −$40	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX MNT/USD [ETH-USDC]long	L −0.2622% / S +0.0192%	1h	0.6521	long leg	$19	—	100x
Kraken Futures PF_MNTUSD	−0.0728%	1h	0.6562	+0.635%	$17K	$39K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6521	+0.001%	$783	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.084%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6535	+0.225%	$6.7M	$886K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6525	+0.068%	$43.0M	$15.1M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6513	−0.116%	$445K	$173K	25x
MEXC MNT_USDC	+0.0100%	8h	0.6521	+0.007%	$2.4M	$105K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6524	+0.053%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6523	+0.035%	$289K	$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	0.6523	+0.038%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6529	+0.130%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6513	−0.116%	$90K	$216K	25x	as long as short
Lighter MNT	+0.0440%	1h	0.6542	+0.327%	$149K	$83K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0666%	1h	0.6517	−0.054%	$37K	$59K	10x	as long as short