Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0832%/8h= −91.1% APRpaid last 24h +0.088%

Price spread now: Kraken Futures against Gate+0.296%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 Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.296% dearer against Gate than usual: you sell high and buy low (spread +0.296% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MNT_USDT	0.6510	0.0100	pay 0.0050% / 4h	3h 25m	$445K	$173K	25x
Short	Kraken Futures PF_MNTUSD	0.6529	−0.0732	pay 0.0091% / 1h	25m 58s	$17K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.296%Rate

Funding earned: −$174.72
Price spread: +0.296% → 0.000%: $29.56
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$170.15
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 25 min ago; Kraken Futures: 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, 25 min ago	11.58 bp	35.5 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	0.6519	+0.137%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSDshort	−0.0732%	1h	0.6529	+0.296%	$17K	$39K	20x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6520	+0.149%	$783	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.246%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6528	+0.281%	$6.7M	$886K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6517	+0.109%	$42.9M	$14.7M	25x	as long as short
Gate MNT_USDTlong	+0.0100%	4h	0.6510	long leg	$445K	$173K	25x
MEXC MNT_USDC	+0.0100%	8h	0.6516	+0.092%	$2.4M	$105K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6517	+0.108%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6516	+0.097%	$289K	$110K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6523	+0.200%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6529	+0.292%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6522	+0.184%	$90K	$216K	25x	as long as short
Lighter MNT	+0.0448%	1h	0.6537	+0.412%	$149K	$83K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0663%	1h	0.6516	+0.092%	$37K	$58K	10x	as long as short