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: Kraken Futures against MEXC+0.047%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 Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.047% dearer against MEXC than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDC	0.6457	0.0100	pay 0.0100% / 8h	4h 13m	$2.4M	$106K	125x
Short	Kraken Futures PF_MNTUSD	0.6460	−0.0565	pay 0.0071% / 1h	13m 48s	$16K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$139.68
Price spread: +0.047% → 0.000%: $4.73
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$152.96
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Kraken Futures: 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	3.10 bp	12.7 bp −$13	51.5 bp −$515	197.6 bp −$19.8K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	+0.083%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSDshort	−0.0565%	1h	0.6460	+0.047%	$16K	$28K	20x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6464	+0.105%	$776	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.069%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6474	+0.268%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6462	+0.085%	$42.3M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6441	−0.248%	$433K	$175K	25x	as long as short
MEXC MNT_USDClong	+0.0100%	8h	0.6457	long leg	$2.4M	$106K	125x
BingX MNT-USDT	+0.0100%	8h	0.6462	+0.077%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6459	+0.031%	$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	−0.072%	$286K	$111K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6452	−0.077%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6463	+0.093%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6464	+0.108%	$90K	$214K	25x	as long as short
Lighter MNT	+0.0424%	1h	0.6483	+0.410%	$142K	$75K	5x	as long as short