Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0665%/8h= +72.8% APRpaid last 24h −0.108%

Price spread now: MEXC against Kraken Futures−0.047%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on MEXC

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. MEXC is 0.047% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MNTUSD	0.6460	−0.0565	get 0.0071% / 1h	13m 49s	$16K	$28K	20x
Short	MEXC MNT_USDC	0.6457	0.0100	get 0.0100% / 8h	4h 13m	$2.4M	$106K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.047%Rate

Funding earned: $139.68
Price spread: −0.047% → 0.000%: −$4.72
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $116.96
Costs to cover: 0.180%
Break-even: 1.1 days

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 3 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	3.10 bp	12.3 bp −$12	62.1 bp −$621	203.5 bp −$20.4K	doesn't fit

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	0.6462	+0.036%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSDlong	−0.0565%	1h	0.6460	long leg	$16K	$28K	20x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6464	+0.058%	$776	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.021%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6474	+0.221%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6462	+0.038%	$42.3M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6441	−0.295%	$433K	$175K	25x	as long as short
MEXC MNT_USDCshort	+0.0100%	8h	0.6457	−0.047%	$2.4M	$106K	125x
BingX MNT-USDT	+0.0100%	8h	0.6462	+0.030%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6459	−0.016%	$41K	$54K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6452	−0.119%	$286K	$111K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6452	−0.125%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6463	+0.046%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6464	+0.061%	$90K	$214K	25x	as long as short
Lighter MNT	+0.0424%	1h	0.6483	+0.363%	$142K	$75K	5x	as long as short