Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0621%/8hnext payment +$0.78 per $10,000 · paid last 24h +0.050%

Price spread now: Backpack against gTrade (Gains Network)−0.021%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Backpack is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MNT/USD	0.6480	L +0.0010% / S 0.0000%	pay 0.0001% / 1h	6m 26s	$778	—	150x
Short	Backpack MNT_USDC_PERP	0.6479	0.0631	get 0.0079% / 1h	6m 26s	$45K	$36K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now −0.021%Rate

Funding earned: $130.42
Price spread: −0.021% → 0.000%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $108.32
Costs to cover: 0.200%
Break-even: 1.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX MNT/USD [ETH-USDC]	L −0.3722% / S +0.0272%	1h	0.6484	+0.050%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0210%	1h	0.6415	−1.009%	$3K	$121K	12x	as long as short
gTrade (Gains Network) MNT/USDlong	L +0.0010% / S 0.0000%	1h	0.6480	long leg	$778	—	150x
Variational Omni MNT	+0.0050%	8h	0.6418	−0.955%	$291K	$117K	—	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6489	+0.136%	$6.5M	$964K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6481	+0.010%	$42.7M	$13.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6470	−0.160%	$409K	$127K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6484	+0.056%	$2.5M	$549K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6479	−0.021%	—	$2.5M	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6436	−0.685%	$11K	$636K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6489	+0.133%	$1K	—	10x	as long as short
Lighter MNT	+0.0192%	1h	0.6496	+0.246%	$134K	$64K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6480	−0.006%	$90K	$188K	25x	as long as short
Backpack MNT_USDC_PERPshort	+0.0631%	1h	0.6479	−0.021%	$45K	$36K	10x
Kraken Futures PF_MNTUSD	+0.2442%	1h	0.6474	−0.102%	$17K	$12K	20x	as long as short