Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0491%/8h= +53.7% APRpaid last 24h +0.119%

Price spread now: Kraken Futures against Variational Omni+0.058%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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.058% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MNT	0.6541	0.0100	pay 0.0100% / 8h	7h 40m	$296K	$168K	—
Short	Kraken Futures PF_MNTUSD	0.6545	0.0591	get 0.0074% / 1h	40m 21s	$17K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.058%Rate

Funding earned: $103.04
Price spread: +0.058% → 0.000%: $5.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $98.84
Costs to cover: 0.100%
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; Kraken Futures: 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, 34 min ago	4.61 bp	doesn't fit	56.8 bp −$568	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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]	L −0.2622% / S +0.0192%	1h	0.6548	+0.104%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6548	+0.105%	$786	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.229%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6547	+0.087%	$43.1M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6525	−0.244%	$423K	$154K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6547	+0.092%	$2.5M	$587K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6545	+0.061%	—	$2.5M	—	as long as short
Variational Omni MNTlong	+0.0100%	8h	0.6541	long leg	$296K	$168K	—
ApeX Omni MNTUSDT	+0.0100%	1h	0.6531	−0.153%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6550	+0.138%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MNT	+0.0187%	1h	0.6559	+0.277%	$6.7M	$1.0M	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6547	+0.092%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0488%	1h	0.6564	+0.358%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSDshort	+0.0591%	1h	0.6545	+0.058%	$17K	$20K	20x
Backpack MNT_USDC_PERP	+0.0786%	1h	0.6543	+0.031%	$38K	$48K	10x	as long as short