Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.065%

Price spread now: GMX against Variational Omni+0.050%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on GMX

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 pays, funding is against you. GMX is 0.050% dearer against Variational Omni than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MNT	0.6399	0.0100	pay 0.0100% / 8h	6h 06m	$284K	$174K	—
Short	GMX MNT/USD [ETH-USDC]	0.6402	L −0.2622% / S +0.0192%	pay 0.0024% / 1h	6m 56s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$61.26
Price spread: +0.050% → 0.000%: $5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$68.26
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 62 min ago; GMX: no order-book sample. 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, 62 min ago	4.61 bp	doesn't fit	96.9 bp −$969	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 14 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]short	L −0.2622% / S +0.0192%	1h	0.6402	+0.050%	$19	—	100x
ApeX Omni MNTUSDT	−0.0105%	1h	0.6400	+0.017%	$11K	$640K	50x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6403	+0.061%	$769	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.987%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6410	+0.174%	$6.6M	$918K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6398	−0.008%	$41.9M	$14.9M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6392	−0.108%	$414K	$165K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6396	−0.045%	$2.4M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6401	+0.033%	—	$2.5M	—	as long as short
Variational Omni MNTlong	+0.0100%	8h	0.6399	long leg	$284K	$174K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6407	+0.127%	$1K	—	10x	as long as short
Lighter MNT	+0.0120%	1h	0.6417	+0.289%	$140K	$75K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0267%	1h	0.6399	+0.002%	$46K	$57K	10x	as long as short
Kraken Futures PF_MNTUSD	+0.0386%	1h	0.6393	−0.096%	$16K	$29K	20x	as long as short