ArbiLayer

MNT arbitrage

live

Live Mantle price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.11%Variational → Gate · Perp–Perp
Best perp–perp spread+0.05%Variational → Gate
Markets tracked96 venues · 5 perp · 4 spot · 0 DEX
Price range0.17%$0.5745 – $0.5755

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$0.5748Gate logoGate$0.5751 +0.05%-0.11% +0.06%— +0.046%— LS Chart →
Variational logoVariational$0.5748Bybit logoBybit$0.5749 +0.02%-0.14% +0.02%— +0.009%— LS Chart →
Variational logoVariational$0.5748MEXC logoMEXC$0.5749 +0.02%-0.14% +0.02%— +0.009%— LS Chart →
Bybit logoBybit$0.575Gate logoGate$0.5751 +0.02%-0.14% +0.02%— +0.037%— LS Chart →
MEXC logoMEXC$0.575Gate logoGate$0.5751 +0.02%-0.14% +0.02%— +0.037%— LS Chart →
Bybit logoBybit$0.575MEXC logoMEXC$0.5749 -0.02%-0.18% -0.02%— +0.000%— LS Chart →
MEXC logoMEXC$0.575Bybit logoBybit$0.5749 -0.02%-0.18% -0.02%— -0.000%— LS Chart →
Variational logoVariational$0.5748Hyperliquid logoHyperliquid$0.5745 -0.05%-0.21% -0.04%— +0.046%— LS Chart →
Hyperliquid logoHyperliquid$0.5755Gate logoGate$0.5751 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
Bybit logoBybit$0.575Hyperliquid logoHyperliquid$0.5745 -0.09%-0.25% -0.08%— +0.037%— LS Chart →
MEXC logoMEXC$0.575Hyperliquid logoHyperliquid$0.5745 -0.09%-0.25% -0.08%— +0.037%— LS Chart →
Hyperliquid logoHyperliquid$0.5755Bybit logoBybit$0.5749 -0.10%-0.26% -0.10%— -0.037%— LS Chart →
Hyperliquid logoHyperliquid$0.5755MEXC logoMEXC$0.5749 -0.10%-0.26% -0.10%— -0.037%— LS Chart →
Gate logoGate$0.5758Bybit logoBybit$0.5749 -0.16%-0.32% -0.16%— -0.037%— LS Chart →
Gate logoGate$0.5758MEXC logoMEXC$0.5749 -0.16%-0.32% -0.16%— -0.037%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

MNT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitSpot · MNTUSDTSpot $0.5754$0.5755$0.5755+0.02% —$7.37M
Bybit logoBybitPerpetual · MNTUSDTPerpetual $0.5749$0.575$0.575-0.07% -0.007%$6.50M
Hyperliquid logoHyperliquidPerpetual · MNTPerpetual $0.5745$0.5755$0.575-0.06% +0.030%$793.5K
MEXC logoMEXCPerpetual · MNT_USDTPerpetual $0.5749$0.575$0.575-0.07% -0.007%$598.2K
Gate logoGatePerpetual · MNT_USDTPerpetual $0.5751$0.5758$0.5755+0.02% +0.030%$238.6K
Gate logoGateSpot · MNT_USDTSpot $0.5752$0.5755$0.57540.00% —$205.1K
KuCoin logoKuCoinSpot · MNT-USDTSpot $0.5753$0.5755$0.5754+0.01% —$139.6K
Variational logoVariationalPerpetual · MNTPerpetual $0.5741$0.5748$0.5745-0.16% -0.016%$58.4K
MEXC logoMEXCSpot · MNTUSDTSpot $0.5751$0.5758$0.5755+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

MNT arbitrage explained

Right now Mantle (MNT) trades on 6 venues we scan: 5 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.5748 and the highest bid on Bybit spot at $0.5754.

The widest MNT perpetual spread is between Variational and Gate: long MNT on Variational at $0.5748 and short on Gate at $0.5751 for +0.05% gross, or -0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.046% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best MNT route is to buy spot on Bybit and short the perpetual on Gate: -0.07% gross, -0.27% net, with +0.030% a day of funding on the short leg.

Spot–spot MNT arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows -0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small MNT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: MNT funding rates · MNT spread charts · Mantle price · arbitrage scanner for all coins.

Is there a MNT arbitrage opportunity right now?

The best MNT route right now is to buy on Variational → sell on Gate (Perp–Perp): +0.05% gross and -0.11% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest MNT?

Variational (perp) has the lowest MNT ask at $0.5748, and Bybit (spot) the highest bid at $0.5754. Prices update every 15 seconds on this page.

How many exchanges list MNT?

ArbiLayer tracks 9 MNT markets on 6 venues: 5 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage MNT without transferring coins?

Use two perpetual contracts: go long MNT on the cheaper exchange (Variational now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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