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 0.000%

Price spread now: Bybit against MEXC−0.066%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.106%+$11 · spread now −0.066%, 7d avg +0.049%

Together, before fees+0.106%+$11 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: Bybit is 0.114% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDC	0.6412	0.0100	pay 0.0100% / 8h	6h 43m	$2.4M	$102K	125x
Short	Bybit MNTUSDT	0.6408	0.0100	get 0.0100% / 8h	6h 43m	$42.1M	$14.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.049%: −$11.4
Slippage, 4 orders: −$53.86
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$84.26
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Bybit: live order book, 1 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, 9 min ago	2.34 bp	11.4 bp −$11	63.8 bp −$638	163.3 bp −$16.3K	doesn't fit
Sell Bybit live order book, 1 min ago	0.78 bp	21.8 bp −$22	111.9 bp −$1,119	doesn't fit	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	0.6422	+0.149%	$19	—	100x	as long as short
ApeX Omni MNTUSDT	−0.0567%	1h	0.6420	+0.125%	$11K	$638K	50x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S −0.0008%	1h	0.6421	+0.146%	$12K	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.778%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6423	+0.170%	$6.6M	$941K	5x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6408	−0.066%	$42.1M	$14.8M	25x
Gate MNT_USDT	+0.0100%	4h	0.6406	−0.094%	$412K	$163K	25x	as long as short
MEXC MNT_USDClong	+0.0100%	8h	0.6412	long leg	$2.4M	$102K	125x
BingX MNT-USDT	+0.0100%	8h	0.6410	−0.031%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6415	+0.039%	$285K	$173K	—	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	0.6423	+0.172%	$1K	—	10x	as long as short
Backpack MNT_USDC_PERP	+0.0144%	1h	0.6415	+0.047%	$40K	$49K	10x	as long as short
Lighter MNT	+0.0152%	1h	0.6438	+0.412%	$138K	$71K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6418	+0.094%	$90K	$219K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0384%	1h	0.6432	+0.319%	$16K	$21K	20x	as long as short