Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%

Price spread now: Orderly against gTrade (Gains Network)+0.105%183s7-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 Orderly

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.105% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 183 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MNT/USD	0.6479	L +0.0010% / S 0.0000%	pay 0.0001% / 1h	49m 40s	$778	—	150x
Short	Orderly PERP_MNT_USDC	0.6486	0.0100	get 0.0100% / 8h	5h 49m	$1K	$74	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.105%Rate

Funding earned: $18.91
Price spread: +0.105% → 0.000%: $10.53
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $13.44
Costs to cover: 0.160%
Break-even: 2.0 days

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

gTrade (Gains Network) and Orderly: 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 exchanges

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	0.6478	−0.024%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USDlong	L +0.0010% / S 0.0000%	1h	0.6479	long leg	$778	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.723%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6485	+0.096%	$6.5M	$695K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6473	−0.095%	$42.9M	$13.6M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6476	−0.049%	$435K	$167K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6473	−0.095%	$2.3M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6473	−0.095%	—	$2.6M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6478	−0.018%	$36K	$60K	10x	as long as short
Variational Omni MNT	+0.0100%	8h	0.6472	−0.113%	$290K	$102K	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6483	+0.059%	$11K	$641K	50x	as long as short
Orderly PERP_MNT_USDCshort	+0.0100%	8h	0.6486	+0.105%	$1K	$74	10x
BloFin MNT-USDT	+0.0213%	8h	0.6474	−0.080%	$91K	$117K	25x	as long as short
Lighter MNT	+0.0216%	1h	0.6493	+0.216%	$147K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.1630%	1h	0.6482	+0.044%	$16K	$38K	20x	as long as short