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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: MEXC against Variational Omni−0.070%7-day average +0.022% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.070%, 7d avg +0.022%

Together, before fees+0.031%+ Points / potential airdropVariational Omni: Active · farm board+$3 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: MEXC is 0.092% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MNT	0.6509	0.0100	pay 0.0100% / 8h	6m 42s	$294K	$169K	—
Short	MEXC MNT_USDT	0.6504	0.0100	get 0.0100% / 8h	6m 42s	$2.5M	$588K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → +0.022%: −$9.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$17.18
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 7 min ago; MEXC: live order book, 5 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, 7 min ago	4.61 bp	doesn't fit	56.8 bp −$568	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.77 bp	8.6 bp −$9	30.8 bp −$308	100.0 bp −$9,996	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	0.6507	−0.023%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6508	−0.010%	$781	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.268%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6516	+0.114%	$6.7M	$1.0M	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6505	−0.056%	$42.8M	$14.5M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6489	−0.300%	$407K	$148K	25x	as long as short
MEXC MNT_USDTshort	+0.0100%	8h	0.6504	−0.070%	$2.5M	$588K	100x
BingX MNT-USDT	+0.0100%	8h	0.6501	−0.116%	—	$2.5M	—	as long as short
Variational Omni MNTlong	+0.0100%	8h	0.6509	long leg	$294K	$169K	—
ApeX Omni MNTUSDT	+0.0100%	1h	0.6512	+0.053%	$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	0.6511	+0.038%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6508	−0.009%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0472%	1h	0.6523	+0.230%	$140K	$71K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0647%	1h	0.6526	+0.268%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0777%	1h	0.6506	−0.039%	$39K	$47K	10x	as long as short