Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0548%/8h= +60.0% APRpaid last 24h −0.087%

Price spread now: Gate against Kraken Futures+0.022%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.022% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MNTUSD	0.6451	−0.0448	get 0.0056% / 1h	5m 34s	$16K	$28K	20x
Short	Gate MNT_USDT	0.6452	0.0100	get 0.0050% / 4h	1h 05m	$432K	$173K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: $115.13
Price spread: +0.022% → 0.000%: $2.18
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $92.31
Costs to cover: 0.250%
Break-even: 1.4 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 55 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Gate live order book, 55 min ago	6.27 bp	34.8 bp −$35	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: 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	0.6455	+0.076%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSDlong	−0.0448%	1h	0.6451	long leg	$16K	$28K	20x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6457	+0.096%	$775	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.169%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6466	+0.236%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6455	+0.068%	$42.3M	$14.8M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6452	+0.022%	$432K	$173K	25x
MEXC MNT_USDC	+0.0100%	8h	0.6452	+0.022%	$2.4M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6450	−0.009%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6450	−0.013%	$286K	$173K	—	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	0.6467	+0.254%	$11K	$645K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6463	+0.192%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6457	+0.099%	$90K	$212K	25x	as long as short
Backpack MNT_USDC_PERP	+0.0332%	1h	0.6452	+0.022%	$43K	$56K	10x	as long as short
Lighter MNT	+0.0336%	1h	0.6471	+0.323%	$142K	$75K	5x	as long as short