Settings8H · net · $10k
Funding arb · Price arb /

MNT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0577%/8h= −63.2% APRnext payment $0.72 per $10,000 · paid last 24h −0.042%
Price spread now: ApeX Omni against Backpack+0.077%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.442%−$44 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. ApeX Omni is 0.077% dearer against Backpack than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.442% in total) that is about 29 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack MNT_USDC_PERP0.65020.0677pay 0.0085% / 1h7m 06s$38K$47K10x
ShortApeX Omni MNTUSDT0.65070.0100get 0.0013% / 1h7m 06s$11K$636K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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

Funding earned
−$121.15
Price spread: +0.077% → 0.000%
$7.69
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$133.46
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Backpack: no order-book sample; ApeX Omni: live order book, 66 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack no order-book sample
Sell ApeX Omni live order book, 66 min ago4.60 bp12.9 bp −$13108.3 bp −$1,083doesn't fitdoesn't fit
Backpack: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MNT/USD [ETH-USDC]L −0.2622% / S +0.0192%1h0.6504+0.024%$19100xas long as short
gTrade (Gains Network) MNT/USDL +0.0010% / S 0.0000%1h0.6504+0.032%$781150xas long as short
Injective MNT/USDC PERP+0.0033%1h0.6526+0.369%$3K$210K12xas long as short
Bybit MNTUSDT+0.0100%8h0.6501−0.012%$42.9M$14.4M25xas long as short
Gate MNT_USDT+0.0100%4h0.6491−0.169%$422K$158K25xas long as short
MEXC MNT_USDT+0.0100%8h0.6501−0.015%$2.5M$594K100xas long as short
BingX MNT-USDT+0.0100%8h0.6500−0.031%$2.5Mas long as short
Variational Omni MNT+0.0100%8h0.6505+0.053%$294K$168Kas long as short
ApeX Omni MNTUSDTshort+0.0100%1h0.6507+0.077%$11K$636K50x
Orderly PERP_MNT_USDC+0.0100%8h0.6512+0.154%$1K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MNT-USDT+0.0220%8h0.6512+0.154%$90K$227K25xas long as short
Hyperliquid MNT+0.0252%1h0.6513+0.177%$6.7M$934K5xas long as short
Lighter MNT+0.0576%1h0.6522+0.311%$140K$70K5xas long as short
Kraken Futures PF_MNTUSD+0.0592%1h0.6530+0.428%$17K$20K20xas long as short
Backpack MNT_USDC_PERPlong+0.0677%1h0.6502long leg$38K$47K10x