Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: BingX against ApeX Omni−0.076%53s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.649% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.076%, 7d avg −0.031%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.045% cheaper against ApeX Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MNTUSDT	0.6539	0.0100	pay 0.0013% / 1h	32m 43s	$11K	$637K	50x
Short	BingX MNT-USDT	0.6534	0.0100	get 0.0100% / 8h	7h 32m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → −0.031%: −$4.55
Slippage, 4 orders: −$44.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$69.45
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; BingX: live order book, 2 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 ApeX Omni live order book, 40 min ago	4.60 bp	11.8 bp −$12	104.2 bp −$1,042	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.30 bp	18.7 bp −$19	80.3 bp −$803	295.9 bp −$29.6K	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	0.6537	−0.032%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6538	−0.011%	$785	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.199%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6536	−0.046%	$43.0M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6516	−0.352%	$423K	$155K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6537	−0.031%	$2.5M	$587K	100x	as long as short
BingX MNT-USDTshort	+0.0100%	8h	0.6534	−0.076%	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6538	−0.008%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDTlong	+0.0100%	1h	0.6539	long leg	$11K	$637K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6546	+0.107%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MNT	+0.0196%	1h	0.6548	+0.144%	$6.7M	$994K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6535	−0.061%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0528%	1h	0.6555	+0.252%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0592%	1h	0.6535	−0.059%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0735%	1h	0.6537	−0.031%	$38K	$48K	10x	as long as short