Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Gate against MEXC−0.260%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$940.936% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.260%, 7d avg −0.062%

Together, before fees−0.070%−$7 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: Gate is 0.198% cheaper against MEXC than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDT	0.6533	0.0100	pay 0.0100% / 8h	7h 34m	$2.5M	$587K	100x
Short	Gate MNT_USDT	0.6516	0.0100	get 0.0050% / 4h	3h 34m	$423K	$155K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.260%Rate

Funding earned: $0
Price spread: −0.260% → −0.062%: −$19.79
Slippage, 4 orders: −$70.62
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.41
Costs to cover: 0.936%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 36 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	0.76 bp	9.8 bp −$10	40.7 bp −$407	114.5 bp −$11.4K	doesn't fit
Sell Gate live order book, 36 min ago	10.79 bp	44.0 bp −$44	doesn't fit	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	0.6529	−0.064%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6536	+0.051%	$785	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.107%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6534	+0.020%	$43.0M	$14.4M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6516	−0.260%	$423K	$155K	25x
MEXC MNT_USDTlong	+0.0100%	8h	0.6533	long leg	$2.5M	$587K	100x
BingX MNT-USDT	+0.0100%	8h	0.6532	−0.015%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6538	+0.084%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6539	+0.092%	$11K	$637K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6540	+0.107%	$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	+0.0188%	1h	0.6546	+0.199%	$6.7M	$994K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6528	−0.077%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0512%	1h	0.6553	+0.302%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0592%	1h	0.6531	−0.038%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0742%	1h	0.6532	−0.015%	$38K	$48K	10x	as long as short