Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2722%/8h= +298.1% APRpaid last 24h +0.728%

Price spread now: MEXC against GMX−0.137%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 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 0.137% cheaper against GMX than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4 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]	0.6519	L −0.2622% / S +0.0192%	get 0.0328% / 1h	52m 04s	$19	—	100x
Short	MEXC MNT_USDT	0.6510	0.0100	get 0.0100% / 8h	7h 52m	$2.5M	$586K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.137%Rate

Funding earned: $571.65
Price spread: −0.137% → 0.000%: −$13.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: $538
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.77 bp	9.8 bp −$10	43.2 bp −$432	106.2 bp −$10.6K	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	0.6519	long leg	$19	—	100x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6519	−0.001%	$783	—	150x	as long as short
BingX MNT-USDT	+0.0016%	8h	0.6510	−0.137%	—	$2.5M	—	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.109%	$3K	$210K	12x	as long as short
ApeX Omni MNTUSDT	+0.0040%	1h	0.6512	−0.106%	$11K	$634K	50x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6522	+0.044%	$6.7M	$996K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6510	−0.138%	$42.9M	$14.5M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6494	−0.382%	$419K	$153K	25x	as long as short
MEXC MNT_USDTshort	+0.0100%	8h	0.6510	−0.137%	$2.5M	$586K	100x
Variational Omni MNT	+0.0100%	8h	0.6510	−0.142%	$294K	$168K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6517	−0.029%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6513	−0.091%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0352%	1h	0.6530	+0.166%	$140K	$69K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0593%	1h	0.6514	−0.075%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0600%	1h	0.6513	−0.091%	$38K	$47K	10x	as long as short