Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.063%

Price spread now: GMX against MEXC+0.069%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.069% dearer against MEXC than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDT	0.6528	0.0100	pay 0.0100% / 8h	3h 31m	$2.5M	$563K	100x
Short	GMX MNT/USD [ETH-USDC]	0.6533	L −0.2622% / S +0.0192%	pay 0.0024% / 1h	31m 58s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$61.26
Price spread: +0.069% → 0.000%: $6.94
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$74.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; GMX: 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, 1 min ago	0.76 bp	8.7 bp −$9	16.8 bp −$168	88.0 bp −$8,800	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.2622% / S +0.0192%	1h	0.6533	+0.069%	$19	—	100x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6533	+0.080%	$784	—	150x	as long as short
Injective MNT/USDC PERP	+0.0049%	1h	0.6415	−1.731%	$3K	$121K	12x	as long as short
Variational Omni MNT	+0.0084%	8h	0.6519	−0.144%	$295K	$117K	—	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6539	+0.172%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6531	+0.046%	$43.1M	$13.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6504	−0.368%	$410K	$121K	25x	as long as short
MEXC MNT_USDTlong	+0.0100%	8h	0.6528	long leg	$2.5M	$563K	100x
BingX MNT-USDT	+0.0100%	8h	0.6529	+0.015%	—	$2.5M	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6526	−0.031%	$11K	$635K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6530	+0.031%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6527	−0.015%	$90K	$214K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0503%	1h	0.6527	−0.012%	$17K	$12K	20x	as long as short
Lighter MNT	+0.0512%	1h	0.6549	+0.328%	$136K	$65K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0724%	1h	0.6530	+0.031%	$41K	$38K	10x	as long as short