Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Gate against ApeX Omni−0.276%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1011.009% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 3 days (all we have)+0.185%+$18 · spread now −0.276%, 7d avg −0.082%

Together, before fees−0.071%−$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: Gate is 0.195% cheaper against ApeX Omni than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MNTUSDT	0.6512	0.0100	pay 0.0013% / 1h	10m 42s	$11K	$640K	50x
Short	Gate MNT_USDT	0.6494	0.0100	get 0.0050% / 4h	2h 10m	$413K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.276%Rate

Funding earned: $0
Price spread: −0.276% → −0.082%: −$19.49
Slippage, 4 orders: −$75.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$120.42
Costs to cover: 1.009%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; Gate: live order book, 10 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, 12 min ago	4.59 bp	12.1 bp −$12	78.5 bp −$785	doesn't fit	doesn't fit
Sell Gate live order book, 10 min ago	13.82 bp	38.3 bp −$38	doesn't fit	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	0.6504	−0.119%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0092%	1h	0.6526	+0.215%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6506	−0.096%	$781	—	150x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6504	−0.123%	$42.9M	$13.6M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6494	−0.276%	$413K	$115K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6501	−0.169%	$2.5M	$593K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6503	−0.138%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6513	+0.019%	$293K	$117K	—	as long as short
ApeX Omni MNTUSDTlong	+0.0100%	1h	0.6512	long leg	$11K	$640K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6512	0.000%	$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	+0.0123%	1h	0.6514	+0.029%	$6.6M	$897K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6505	−0.107%	$89K	$217K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0228%	1h	0.6521	+0.143%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0632%	1h	0.6522	+0.146%	$140K	$70K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0670%	1h	0.6503	−0.138%	$40K	$34K	10x	as long as short