Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%

Price spread now: Backpack against MEXC+0.016%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.474%+$47 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDC	0.6445	0.0100	pay 0.0100% / 8h	4h 21m	$2.4M	$106K	125x
Short	Backpack MNT_USDC_PERP	0.6446	0.0100	get 0.0013% / 1h	21m 45s	$41K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee BackpackbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → 0.000%: $1.55
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$16.45
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Backpack: 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 MEXC live order book, 5 min ago	1.55 bp	11.1 bp −$11	55.5 bp −$555	191.8 bp −$19.2K	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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	0.6451	+0.087%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0566%	1h	0.6451	+0.099%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6451	+0.099%	$775	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.257%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6456	+0.175%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6443	−0.031%	$42.2M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6436	−0.140%	$433K	$175K	25x	as long as short
MEXC MNT_USDClong	+0.0100%	8h	0.6445	long leg	$2.4M	$106K	125x
BingX MNT-USDT	+0.0100%	8h	0.6448	+0.047%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERPshort	+0.0100%	1h	0.6446	+0.016%	$41K	$55K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6452	+0.106%	$286K	$142K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6460	+0.233%	$11K	$641K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6460	+0.233%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6453	+0.124%	$90K	$214K	25x	as long as short
Lighter MNT	+0.0392%	1h	0.6464	+0.289%	$141K	$75K	5x	as long as short