Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against BloFin+0.433%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.833%−$83 · spread now +0.433%, 7d avg +0.031%

Together, before fees−0.823%−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.402% dearer against BloFin than usual: you sell high and buy low (spread +0.433% now, against its 7-day average of +0.031%): +$40 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MNT-USDT	0.6467	0.0220	pay 0.0220% / 8h	5h 28m	$90K	$212K	25x
Short	ApeX Omni MNTUSDT	0.6495	0.0100	get 0.0013% / 1h	28m 59s	$11K	$644K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.433%Rate

Funding earned: −$25.2
Price spread: +0.433% → +0.031%: $40.21
Slippage, 4 orders: −$49.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$56.8
Costs to cover: 0.718%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; ApeX Omni: live order book, 34 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 BloFin live order book, 9 min ago	1.55 bp	19.5 bp −$19	50.0 bp −$500	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 34 min ago	8.60 bp	17.7 bp −$18	113.4 bp −$1,134	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	0.6473	+0.097%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0447%	1h	0.6474	+0.101%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6476	+0.142%	$778	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.912%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6480	+0.201%	$6.6M	$880K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6466	−0.012%	$42.4M	$14.8M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6457	−0.155%	$425K	$170K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6472	+0.077%	$2.4M	$104K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6467	0.000%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6490	+0.358%	$288K	$173K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDTshort	+0.0100%	1h	0.6495	+0.433%	$11K	$644K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6477	+0.155%	$1K	—	10x	as long as short
BloFin MNT-USDTlong	+0.0220%	8h	0.6467	long leg	$90K	$212K	25x
Lighter MNT	+0.0288%	1h	0.6489	+0.339%	$142K	$75K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0542%	1h	0.6467	0.000%	$44K	$56K	10x	as long as short