Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.3822%/8hpaid last 24h +0.742%

Price spread now: Gate against GMX−0.274%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 Gate

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

Funding pays, the price is against you. Gate is 0.274% cheaper against GMX than usual: you would sell low and buy high (spread −0.274% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 6 hours of funding at the current rate (+$115 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MNT/USD [ETH-USDC]	0.6483	L −0.3722% / S +0.0272%	get 0.0465% / 1h	5m 31s	$19	—	100x
Short	Gate MNT_USDT	0.6465	0.0100	get 0.0050% / 4h	5m 31s	$409K	$127K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.274%Rate

Funding earned: $802.64
Price spread: −0.274% → 0.000%: −$27.43
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $748.22
Costs to cover: 0.270%
Break-even: 0.5 days

Slippage unknown: GMX: no order-book sample; Gate: live order book, 24 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 Gate live order book, 24 min ago	11.05 bp	36.6 bp −$37	doesn't fit	doesn't fit	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 −0.3722% / S +0.0272%	1h	0.6483	long leg	$19	—	100x
Injective MNT/USDC PERP	−0.0210%	1h	0.6415	−1.046%	$3K	$121K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6486	+0.054%	$779	—	150x	as long as short
Variational Omni MNT	+0.0059%	8h	0.6485	+0.041%	$294K	$117K	—	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6487	+0.060%	$6.5M	$964K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6473	−0.151%	$42.7M	$13.2M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6465	−0.274%	$409K	$127K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6475	−0.120%	$2.5M	$549K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6472	−0.166%	—	$2.5M	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6481	−0.027%	$11K	$636K	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	0.6490	+0.111%	$1K	—	10x	as long as short
Lighter MNT	+0.0184%	1h	0.6491	+0.122%	$133K	$64K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6480	−0.043%	$90K	$188K	25x	as long as short
Backpack MNT_USDC_PERP	+0.0625%	1h	0.6477	−0.089%	$45K	$36K	10x	as long as short
Kraken Futures PF_MNTUSD	+0.2440%	1h	0.6479	−0.052%	$17K	$12K	20x	as long as short