Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: Variational Omni against Gate+0.278%7-day average +0.035% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.278%, 7d avg +0.035%

Together, before fees−0.245%+ Points / potential airdropVariational Omni: Active · farm board−$25 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: Variational Omni is 0.243% dearer against Gate than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MNT_USDT	0.6494	0.0100	pay 0.0050% / 4h	12m 08s	$407K	$148K	25x
Short	Variational Omni MNT	0.6512	0.0100	get 0.0100% / 8h	12m 08s	$294K	$169K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.278%Rate

Funding earned: $0
Price spread: +0.278% → +0.035%: $24.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.29
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 63 min ago; Variational Omni: RFQ quote, 2 min ago. 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 Gate live order book, 63 min ago	11.58 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.61 bp	doesn't fit	92.1 bp −$921	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	0.6518	+0.373%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6519	+0.382%	$783	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.493%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6523	+0.447%	$6.7M	$1.0M	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6514	+0.314%	$42.9M	$14.5M	25x	as long as short
Gate MNT_USDTlong	+0.0100%	4h	0.6494	long leg	$407K	$148K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6510	+0.246%	$2.5M	$588K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6508	+0.216%	—	$2.5M	—	as long as short
Variational Omni MNTshort	+0.0100%	8h	0.6512	+0.278%	$294K	$169K	—
ApeX Omni MNTUSDT	+0.0100%	1h	0.6514	+0.308%	$11K	$633K	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	0.6515	+0.323%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6516	+0.339%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0464%	1h	0.6533	+0.601%	$140K	$71K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0648%	1h	0.6518	+0.365%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0795%	1h	0.6512	+0.277%	$39K	$47K	10x	as long as short