Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.106%

Price spread now: Lighter against MEXC+0.273%7-day average +0.190% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.329%+$33 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.273%, 7d avg +0.190%

Together, before fees+0.256%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.083% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.190%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDC	0.6415	0.0100	pay 0.0100% / 8h	4h 38m	$2.4M	$105K	125x
Short	Lighter MNT	0.6432	0.0312	get 0.0039% / 1h	38m 47s	$141K	$75K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.273%Rate

Funding earned: $44.52
Price spread: +0.273% → +0.190%: $8.27
Slippage, 4 orders: −$59.39
Fee MEXC: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.6
Costs to cover: 0.674%
Break-even: 9.3 days

Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 1 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 MEXC live order book, 3 min ago	1.55 bp	8.2 bp −$8	33.9 bp −$339	194.2 bp −$19.4K	doesn't fit
Sell Lighter live order book, 1 min ago	11.44 bp	17.0 bp −$17	93.8 bp −$938	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	0.6449	+0.524%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0567%	1h	0.6437	+0.338%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6449	+0.529%	$774	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.730%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6423	+0.133%	$6.6M	$877K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6409	−0.094%	$42.0M	$14.8M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6406	−0.140%	$430K	$174K	25x	as long as short
MEXC MNT_USDClong	+0.0100%	8h	0.6415	long leg	$2.4M	$105K	125x
BingX MNT-USDT	+0.0100%	8h	0.6407	−0.125%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6424	+0.140%	$41K	$57K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6446	+0.488%	$286K	$173K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6451	+0.561%	$11K	$643K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6456	+0.639%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6414	−0.016%	$90K	$212K	25x	as long as short
Lighter MNTshort	+0.0312%	1h	0.6432	+0.273%	$141K	$75K	5x