Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.063%

Price spread now: GMX against MEXC+0.024%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.024% dearer against MEXC than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDT	0.6483	0.0100	pay 0.0100% / 8h	1h 48m	$2.5M	$593K	100x
Short	GMX MNT/USD [ETH-USDC]	0.6485	L −0.2622% / S +0.0192%	pay 0.0024% / 1h	48m 55s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$61.26
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$78.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.77 bp	11.6 bp −$12	50.6 bp −$506	109.5 bp −$11.0K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.2622% / S +0.0192%	1h	0.6485	+0.024%	$19	—	100x
Injective MNT/USDC PERP	−0.0080%	1h	0.6526	+0.663%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6486	+0.042%	$779	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6498	+0.225%	$6.6M	$902K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6489	+0.093%	$42.6M	$14.0M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6473	−0.154%	$428K	$119K	25x	as long as short
MEXC MNT_USDTlong	+0.0100%	8h	0.6483	long leg	$2.5M	$593K	100x
BingX MNT-USDT	+0.0100%	8h	0.6487	+0.062%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6480	−0.047%	$289K	$120K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6484	+0.015%	$10K	$640K	50x	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	0.6494	+0.170%	$1K	—	10x	as long as short
Lighter MNT	+0.0176%	1h	0.6508	+0.378%	$140K	$70K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6482	−0.015%	$89K	$216K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0319%	1h	0.6491	+0.127%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0681%	1h	0.6486	+0.046%	$48K	$44K	10x	as long as short