Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.011%

Price spread now: BingX against Injective+0.061%102s7-day average −0.239% · you sell dearer than you buy

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 3 days (all we have)+1.681%+$168 · spread now +0.061%, 7d avg −0.239%

Together, before fees+1.743%+$174 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.300% dearer against Injective than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.239%. The two prices were read 102 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	Injective MNT/USDC PERP	0.6526	0.0033	pay 0.0004% / 1h	35m 40s	$3K	$210K	12x
Short	BingX MNT-USDT	0.6530	0.0100	get 0.0100% / 8h	7h 35m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $14
Price spread: +0.061% → −0.239%: $29.99
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $33.97
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 9 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	2.30 bp	16.7 bp −$17	85.7 bp −$857	303.4 bp −$30.3K	doesn't fit

Injective: 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	0.6540	+0.216%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6540	+0.219%	$785	—	150x	as long as short
Injective MNT/USDC PERPlong	+0.0033%	1h	0.6526	long leg	$3K	$210K	12x
Bybit MNTUSDT	+0.0100%	8h	0.6535	+0.139%	$43.0M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6516	−0.153%	$423K	$155K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6536	+0.153%	$2.5M	$587K	100x	as long as short
BingX MNT-USDTshort	+0.0100%	8h	0.6530	+0.061%	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6538	+0.191%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6545	+0.291%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6546	+0.306%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MNT	+0.0186%	1h	0.6547	+0.323%	$6.7M	$994K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6532	+0.092%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0512%	1h	0.6554	+0.428%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0592%	1h	0.6535	+0.138%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0751%	1h	0.6539	+0.199%	$38K	$48K	10x	as long as short