Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.2722%/8h= +298.1% APRpaid last 24h +0.843%

Price spread now: BingX against GMX−0.336%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BingX

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

Funding pays, the price is against you. BingX is 0.336% cheaper against GMX than usual: you would sell low and buy high (spread −0.336% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 10 hours of funding at the current rate (+$82 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MNT/USD [ETH-USDC]	0.6463	L −0.2622% / S +0.0192%	get 0.0328% / 1h	54m 46s	$19	—	100x
Short	BingX MNT-USDT	0.6441	0.0100	get 0.0100% / 8h	6h 54m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now −0.336%Rate

Funding earned: $571.65
Price spread: −0.336% → 0.000%: −$33.61
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $516.04
Costs to cover: 0.220%
Break-even: 0.7 days

Slippage unknown: GMX: no order-book sample; BingX: 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	2.31 bp	14.6 bp −$15	77.6 bp −$776	315.4 bp −$31.5K	doesn't fit

GMX: 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]long	L −0.2622% / S +0.0192%	1h	0.6463	long leg	$19	—	100x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6487	+0.375%	$779	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.979%	$3K	$210K	12x	as long as short
ApeX Omni MNTUSDT	+0.0051%	1h	0.6487	+0.376%	$11K	$643K	50x	as long as short
Lighter MNT	+0.0096%	1h	0.6461	−0.034%	$146K	$71K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6453	−0.157%	$6.5M	$884K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6443	−0.299%	$42.7M	$15.0M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6448	−0.228%	$449K	$168K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6447	−0.243%	$2.4M	$104K	125x	as long as short
BingX MNT-USDTshort	+0.0100%	8h	0.6441	−0.336%	—	$2.6M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6461	−0.027%	$36K	$63K	10x	as long as short
Variational Omni MNT	+0.0100%	8h	0.6476	+0.209%	$290K	$105K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6472	+0.144%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0308%	8h	0.6483	+0.314%	$91K	$125K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0656%	1h	0.6475	+0.193%	$16K	$40K	20x	as long as short