Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.007%

Price spread now: Bybit against gTrade (Gains Network)+0.118%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 Bybit

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 +$3 a day on $10k at the current rate, and Bybit is 0.118% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$12 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	0.6414	L +0.0010% / S −0.0008%	pay 0.0001% / 1h	44m 11s	$12K	—	150x
Short	Bybit MNTUSDT	0.6422	0.0100	get 0.0100% / 8h	6h 44m	$42.2M	$14.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.118%Rate

Funding earned: $18.91
Price spread: +0.118% → 0.000%: $11.82
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $9.73
Costs to cover: 0.210%
Break-even: 3.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.78 bp	20.4 bp −$20	110.3 bp −$1,103	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	0.6414	−0.003%	$19	—	100x	as long as short
ApeX Omni MNTUSDT	−0.0567%	1h	0.6420	+0.087%	$11K	$638K	50x	as long as short
gTrade (Gains Network) MNT/USDlong	L +0.0010% / S −0.0008%	1h	0.6414	long leg	$12K	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.740%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6430	+0.249%	$6.6M	$941K	5x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6422	+0.118%	$42.2M	$14.8M	25x
Gate MNT_USDT	+0.0100%	4h	0.6401	−0.209%	$412K	$163K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6411	−0.053%	$2.4M	$102K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6418	+0.056%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6415	+0.001%	$285K	$173K	—	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	0.6420	+0.087%	$1K	—	10x	as long as short
Backpack MNT_USDC_PERP	+0.0113%	1h	0.6417	+0.040%	$40K	$49K	10x	as long as short
Lighter MNT	+0.0152%	1h	0.6439	+0.386%	$138K	$71K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6418	+0.056%	$90K	$219K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0384%	1h	0.6429	+0.230%	$16K	$21K	20x	as long as short