Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: BingX against MEXC+0.031%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.031%, 7d avg 0.000%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.031% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDT	0.6544	0.0100	pay 0.0100% / 8h	7h 30m	$2.5M	$588K	100x
Short	BingX MNT-USDT	0.6546	0.0100	get 0.0100% / 8h	7h 30m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → 0.000%: $3.06
Slippage, 4 orders: −$44.69
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.64
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 4 min ago.

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 MEXC live order book, 2 min ago	1.53 bp	12.4 bp −$12	43.3 bp −$433	116.4 bp −$11.6K	doesn't fit
Sell BingX live order book, 4 min ago	2.30 bp	18.7 bp −$19	80.3 bp −$803	295.9 bp −$29.6K	doesn't fit

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	0.6548	+0.057%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6548	+0.063%	$786	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.275%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6547	+0.046%	$43.1M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6522	−0.336%	$423K	$155K	25x	as long as short
MEXC MNT_USDTlong	+0.0100%	8h	0.6544	long leg	$2.5M	$588K	100x
BingX MNT-USDTshort	+0.0100%	8h	0.6546	+0.031%	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6544	+0.007%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6537	−0.107%	$11K	$637K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6550	+0.092%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MNT	+0.0212%	1h	0.6559	+0.229%	$6.7M	$995K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6548	+0.061%	$90K	$219K	25x	as long as short
Lighter MNT	+0.0528%	1h	0.6567	+0.348%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0590%	1h	0.6547	+0.043%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0734%	1h	0.6547	+0.046%	$38K	$48K	10x	as long as short