Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2722%/8h= +298.1% APRpaid last 24h +0.751%

Price spread now: Variational Omni against GMX+0.013%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$82 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MNT/USD [ETH-USDC]	0.6523	L −0.2622% / S +0.0192%	get 0.0328% / 1h	31m 45s	$19	—	100x
Short	Variational Omni MNT	0.6524	0.0100	get 0.0100% / 8h	3h 31m	$289K	$110K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GMX. 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 GMXbpFee Variational OmnibpOrdersPrice spread, now +0.013%Rate

Funding earned: $571.65
Price spread: +0.013% → 0.000%: $1.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $561
Costs to cover: 0.120%
Break-even: 0.1 days

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 22 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 GMX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 22 min ago	3.87 bp	doesn't fit	107.4 bp −$1,074	doesn't fit	doesn't fit

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]long	L −0.2622% / S +0.0192%	1h	0.6523	long leg	$19	—	100x
Kraken Futures PF_MNTUSD	−0.0732%	1h	0.6531	+0.129%	$17K	$39K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6524	+0.010%	$783	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.046%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6534	+0.169%	$6.7M	$885K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6524	+0.010%	$43.0M	$15.0M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6515	−0.122%	$446K	$173K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6521	−0.030%	$2.4M	$105K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6525	+0.031%	—	$2.5M	—	as long as short
Variational Omni MNTshort	+0.0100%	8h	0.6524	+0.013%	$289K	$110K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6530	+0.108%	$11K	$639K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6529	+0.092%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6528	+0.077%	$90K	$217K	25x	as long as short
Lighter MNT	+0.0440%	1h	0.6543	+0.310%	$149K	$83K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0708%	1h	0.6521	−0.030%	$37K	$59K	10x	as long as short