Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni−0.051%7-day average +0.020% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.051%, 7d avg +0.020%

Together, before fees−0.102%+ Points / potential airdropVariational Omni: Active · farm board−$10 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: BingX is 0.071% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MNT	0.6481	0.0100	pay 0.0100% / 8h	5h 17m	$288K	$173K	—
Short	BingX MNT-USDT	0.6478	0.0100	get 0.0100% / 8h	5h 17m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → +0.020%: −$7.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.06
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 46 min ago; BingX: live order book, 7 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 Variational Omni RFQ quote, 46 min ago	3.90 bp	doesn't fit	81.9 bp −$819	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	1.54 bp	15.2 bp −$15	80.8 bp −$808	293.0 bp −$29.3K	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	0.6479	−0.040%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0446%	1h	0.6477	−0.064%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6481	−0.001%	$778	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.690%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6492	+0.157%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6479	−0.036%	$42.4M	$14.8M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6462	−0.298%	$425K	$170K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6476	−0.082%	$2.4M	$105K	125x	as long as short
BingX MNT-USDTshort	+0.0100%	8h	0.6478	−0.051%	—	$2.5M	—
Variational Omni MNTlong	+0.0100%	8h	0.6481	long leg	$288K	$173K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6484	+0.042%	$11K	$645K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6482	+0.011%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6482	+0.011%	$90K	$212K	25x	as long as short
Lighter MNT	+0.0336%	1h	0.6497	+0.242%	$143K	$75K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0484%	1h	0.6478	−0.051%	$44K	$56K	10x	as long as short