Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.104%

Price spread now: Lighter against MEXC+0.350%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.350%, 7d avg +0.159%

Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.191% dearer against MEXC than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MNT_USDT	0.6534	0.0100	pay 0.0100% / 8h	46m 33s	$2.5M	$585K	100x
Short	Lighter MNT	0.6557	0.0336	get 0.0042% / 1h	46m 33s	$141K	$68K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.350%Rate

Funding earned: $49.56
Price spread: +0.350% → +0.159%: $19.1
Slippage, 4 orders: −$64.26
Fee MEXC: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.59
Costs to cover: 0.723%
Break-even: 7.5 days

Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 13 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, 5 min ago	1.53 bp	11.1 bp −$11	18.0 bp −$180	106.4 bp −$10.6K	doesn't fit
Sell Lighter live order book, 13 min ago	9.75 bp	10.9 bp −$11	83.6 bp −$836	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	−0.073%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6530	−0.064%	$784	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.122%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6550	+0.246%	$6.6M	$935K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6539	+0.069%	$42.9M	$14.3M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6516	−0.275%	$410K	$145K	25x	as long as short
MEXC MNT_USDTlong	+0.0100%	8h	0.6534	long leg	$2.5M	$585K	100x
BingX MNT-USDT	+0.0100%	8h	0.6534	0.000%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6530	−0.066%	$295K	$169K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6535	+0.015%	$11K	$631K	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	0.6532	−0.031%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6527	−0.107%	$89K	$219K	25x	as long as short
Lighter MNTshort	+0.0336%	1h	0.6557	+0.350%	$141K	$68K	5x
Kraken Futures PF_MNTUSD	+0.0647%	1h	0.6525	−0.141%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0935%	1h	0.6529	−0.077%	$41K	$46K	10x	as long as short