Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.090%

Price spread now: Gate against Lighter−0.472%7-day average −0.240% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1271.267% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.558%−$56 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.472%, 7d avg −0.240%

Together, before fees−0.379%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.233% cheaper against Lighter than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.240%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MNT	0.6542	0.0440	pay 0.0055% / 1h	27m 44s	$149K	$83K	5x
Short	Gate MNT_USDT	0.6511	0.0100	get 0.0050% / 4h	3h 27m	$445K	$173K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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 LighterbpFee GatebpOrdersPrice spread, now −0.472%Rate

Funding earned: −$71.4
Price spread: −0.472% → −0.240%: −$23.27
Slippage, 4 orders: −$111.68
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$221.36
Costs to cover: 1.267%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Gate: live order book, 23 min ago.

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 Lighter live order book, 7 min ago	9.25 bp	34.2 bp −$34	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	11.58 bp	39.8 bp −$40	doesn't fit	doesn't fit	doesn't fit

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	0.6521	−0.326%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0728%	1h	0.6562	+0.307%	$17K	$39K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6521	−0.326%	$783	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.243%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6535	−0.102%	$6.7M	$886K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6522	−0.298%	$43.0M	$15.1M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6511	−0.472%	$445K	$173K	25x
MEXC MNT_USDC	+0.0100%	8h	0.6522	−0.304%	$2.4M	$105K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6523	−0.289%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6523	−0.291%	$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	−0.289%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6529	−0.197%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6513	−0.442%	$90K	$216K	25x	as long as short
Lighter MNTlong	+0.0440%	1h	0.6542	long leg	$149K	$83K	5x
Backpack MNT_USDC_PERP	+0.0666%	1h	0.6517	−0.381%	$37K	$59K	10x	as long as short