Settings8H · net · $10k
Funding arb · Price arb /

MNT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h −0.055%
Price spread now: gTrade (Gains Network) against Hyperliquid−0.153%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.153% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MNT0.65220.0100pay 0.0013% / 1h56m 16s$6.7M$1.0M5x
ShortgTrade (Gains Network) MNT/USD0.6512L +0.0010% / S 0.0000%pay 0.0000% / 1h56m 16s$782150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hyperliquid. 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

Funding earned
−$21.1
Price spread: −0.153% → 0.000%
−$15.35
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$55.44
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago1.07 bp20.4 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MNT/USD [ETH-USDC]L −0.2622% / S +0.0192%1h0.6512−0.165%$19100xas long as short
gTrade (Gains Network) MNT/USDshortL +0.0010% / S 0.0000%1h0.6512−0.153%$782150x
Injective MNT/USDC PERP+0.0033%1h0.6526+0.055%$3K$210K12xas long as short
MEXC MNT_USDT+0.0037%8h0.6509−0.205%$2.5M$581K100xas long as short
Hyperliquid MNTlong+0.0100%1h0.6522long leg$6.7M$1.0M5x
Bybit MNTUSDT+0.0100%8h0.6508−0.218%$42.9M$14.5M25xas long as short
Gate MNT_USDT+0.0100%4h0.6494−0.435%$419K$153K25xas long as short
BingX MNT-USDT+0.0100%8h0.6506−0.251%$2.5Mas long as short
Variational Omni MNT+0.0100%8h0.6510−0.196%$294K$168Kas long as short
ApeX Omni MNTUSDT+0.0100%1h0.6511−0.175%$11K$634K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_MNT_USDC+0.0100%8h0.6513−0.144%$1K10xas long as short
BloFin MNT-USDT+0.0181%8h0.6510−0.190%$89K$219K25xas long as short
Lighter MNT+0.0232%1h0.6529+0.101%$140K$68K5xas long as short
Backpack MNT_USDC_PERP+0.0414%1h0.6511−0.175%$38K$47K10xas long as short
Kraken Futures PF_MNTUSD+0.0594%1h0.6510−0.196%$17K$20K20xas long as short