Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0803%/8h= +87.9% APRpaid last 24h +0.032%

Price spread now: Backpack against Gate+0.169%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.687%+$69 on $10k

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 +$24 a day on $10k at the current rate, and Backpack is 0.169% dearer against Gate than usual: you sell high and buy low: +$17 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	Gate MNT_USDT	0.6516	0.0100	pay 0.0050% / 4h	55m 52s	$410K	$144K	25x
Short	Backpack MNT_USDC_PERP	0.6527	0.0903	get 0.0113% / 1h	55m 52s	$41K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.169%Rate

Funding earned: $168.65
Price spread: +0.169% → 0.000%: $16.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: $160.53
Costs to cover: 0.250%
Break-even: 0.3 days

Slippage unknown: Gate: live order book, 20 min ago; 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 Gate live order book, 20 min ago	11.58 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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 −0.2622% / S +0.0192%	1h	0.6513	−0.041%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6513	−0.048%	$782	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.153%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6554	+0.585%	$6.6M	$931K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6544	+0.430%	$42.9M	$14.1M	25x	as long as short
Gate MNT_USDTlong	+0.0100%	4h	0.6516	long leg	$410K	$144K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6532	+0.246%	$2.5M	$585K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6540	+0.368%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6489	−0.420%	$271K	$146K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6496	−0.307%	$10K	$633K	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	0.6513	−0.046%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6504	−0.184%	$89K	$218K	25x	as long as short
Lighter MNT	+0.0336%	1h	0.6531	+0.230%	$141K	$67K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0647%	1h	0.6522	+0.092%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERPshort	+0.0903%	1h	0.6527	+0.169%	$41K	$45K	10x