Funding you earn now, next payment 07:00 UTC+0.0214%/8h= +23.5% APRpaid last 24h +0.013%
Price spread now: BloFin against ApeX Omni−0.172%103s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$730.728% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.172%, 7d avg −0.025%
=Funding pays, the price is against you. BloFin is 0.147% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of −0.025%). If the spread goes back, that is −$15 on $10k: about 2.3 days of funding at the current rate (+$6 a day). The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MNTUSDT | 0.6387 | −0.0091 | get 0.0011% / 1h | 49m 30s | $10K | $640K | 50x |
| Short | BloFin MNT-USDT | 0.6376 | 0.0123 | get 0.0123% / 8h | 1h 49m | $90K | $222K | 25x |
ApeX Omni MNTUSDT
BloFin MNT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.03
- Price spread: −0.172% → −0.025%
- −$14.75
- Slippage, 4 orders
- −$50.79
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.5
- Costs to cover
- 0.728%
- Break-even
- 13.6 days
Slippage from ApeX Omni: live order book, 58 min ago; BloFin: live order book, 27 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, 58 min ago | 5.40 bp | 14.1 bp −$14 | 111.3 bp −$1,113 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 1.57 bp | 32.3 bp −$32 | 84.8 bp −$848 | 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 | 0.6394 | +0.106% | $19 | — | 100x | as long as short |
| ApeX Omni MNTUSDTlong | −0.0091% | 1h | 0.6387 | long leg | $10K | $640K | 50x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6394 | +0.116% | $768 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +2.176% | $3K | $210K | 12x | as long as short |
| Lighter MNT | +0.0096% | 1h | 0.6399 | +0.185% | $146K | $90K | 5x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6389 | +0.038% | $6.4M | $918K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6381 | −0.092% | $41.9M | $15.2M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6389 | +0.031% | $443K | $184K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6385 | −0.031% | $2.4M | $105K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6387 | 0.000% | — | $2.5M | — | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Lighter MNT
Hyperliquid MNT
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack MNT_USDC_PERP | +0.0100% | 1h | 0.6392 | +0.078% | $40K | $61K | 10x | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6381 | −0.095% | $283K | $109K | — | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6395 | +0.125% | $1K | $74 | 10x | as long as short |
| BloFin MNT-USDTshort | +0.0123% | 8h | 0.6376 | −0.172% | $90K | $222K | 25x | |
| Kraken Futures PF_MNTUSD | +0.0795% | 1h | 0.6394 | +0.116% | $16K | $39K | 20x | as long as short |
Backpack MNT_USDC_PERP
Variational Omni MNT
Orderly PERP_MNT_USDC
Kraken Futures PF_MNTUSD