Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0496%/8h= −54.4% APRpaid last 24h −0.100%

Price spread now: Orderly against Kraken Futures+0.180%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 Orderly

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

The price spread pays, funding is against you. Orderly is 0.180% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MNTUSD	0.6481	0.0596	pay 0.0075% / 1h	2m 59s	$17K	$20K	20x
Short	Orderly PERP_MNT_USDC	0.6493	0.0100	get 0.0100% / 8h	7h 02m	$1K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.180%Rate

Funding earned: −$104.25
Price spread: +0.180% → 0.000%: $18.04
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$102.21
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Kraken Futures and Orderly: 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	0.6486	+0.080%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6487	+0.089%	$779	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.690%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6482	+0.017%	$42.8M	$14.3M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6475	−0.097%	$417K	$160K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6482	+0.011%	$2.5M	$594K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6481	−0.005%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6491	+0.146%	$293K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6496	+0.227%	$11K	$635K	50x	as long as short
Orderly PERP_MNT_USDCshort	+0.0100%	8h	0.6493	+0.180%	$1K	—	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MNT-USDT	+0.0220%	8h	0.6484	+0.042%	$89K	$226K	25x	as long as short
Hyperliquid MNT	+0.0249%	1h	0.6495	+0.211%	$6.7M	$934K	5x	as long as short
Lighter MNT	+0.0576%	1h	0.6501	+0.305%	$139K	$70K	5x	as long as short
Kraken Futures PF_MNTUSDlong	+0.0596%	1h	0.6481	long leg	$17K	$20K	20x
Backpack MNT_USDC_PERP	+0.0641%	1h	0.6481	−0.005%	$37K	$47K	10x	as long as short