Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.032%

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

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

Long on gTrade (Gains Network)Short on BloFin

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.021% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MNT/USD	0.6514	L +0.0010% / S 0.0000%	pay 0.0001% / 1h	50m 53s	$782	—	150x
Short	BloFin MNT-USDT	0.6515	0.0220	get 0.0220% / 8h	7h 50m	$89K	$219K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.021%Rate

Funding earned: $44.11
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 BloFin: 6 bp × 2 orders: −$12
Net: $24.22
Costs to cover: 0.220%
Break-even: 3.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 14 min ago. 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 BloFin live order book, 14 min ago	0.77 bp	14.7 bp −$15	47.0 bp −$470	doesn't fit	doesn't fit

gTrade (Gains Network): 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	0.6515	+0.014%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USDlong	L +0.0010% / S 0.0000%	1h	0.6514	long leg	$782	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.190%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6512	−0.025%	$42.9M	$14.5M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6492	−0.332%	$419K	$153K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6509	−0.071%	$2.5M	$586K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6509	−0.071%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6508	−0.079%	$294K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6515	+0.021%	$11K	$635K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6516	+0.036%	$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	+0.0127%	1h	0.6523	+0.141%	$6.7M	$997K	5x	as long as short
BloFin MNT-USDTshort	+0.0220%	8h	0.6515	+0.021%	$89K	$219K	25x
Lighter MNT	+0.0384%	1h	0.6530	+0.245%	$140K	$69K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0587%	1h	0.6512	−0.025%	$38K	$47K	10x	as long as short
Kraken Futures PF_MNTUSD	+0.0593%	1h	0.6514	0.000%	$17K	$20K	20x	as long as short