Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0667%/8h= −73.0% APRpaid last 24h +0.106%

Price spread now: Kraken Futures against BingX+0.003%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$20 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MNT-USDT	0.6444	0.0100	pay 0.0100% / 8h	4h 18m	—	$2.5M	—
Short	Kraken Futures PF_MNTUSD	0.6444	−0.0567	pay 0.0071% / 1h	18m 15s	$16K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$139.97
Price spread: +0.003% → 0.000%: $0.29
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$159.68
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 1 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 BingX live order book, 1 min ago	1.55 bp	18.9 bp −$19	71.6 bp −$716	258.3 bp −$25.8K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

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	0.6448	+0.065%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSDshort	−0.0567%	1h	0.6444	+0.003%	$16K	$28K	20x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6448	+0.068%	$774	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.273%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6458	+0.220%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6446	+0.034%	$42.2M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6431	−0.202%	$433K	$175K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6441	−0.047%	$2.4M	$106K	125x	as long as short
BingX MNT-USDTlong	+0.0100%	8h	0.6444	long leg	—	$2.5M	—
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6447	+0.047%	$41K	$55K	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	0.6441	−0.042%	$286K	$111K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6448	+0.062%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6459	+0.233%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6447	+0.047%	$90K	$213K	25x	as long as short
Lighter MNT	+0.0408%	1h	0.6465	+0.329%	$141K	$75K	5x	as long as short