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 +0.019%

Price spread now: Orderly against Variational Omni+0.136%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 Orderly

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.136% dearer against Variational Omni than usual: you sell high and buy low, +$14 on $10k if it 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	0.6494	0.0100	pay 0.0100% / 8h	1h 17m	$291K	$123K	—
Short	Orderly PERP_MNT_USDC	0.6503	0.0100	get 0.0100% / 8h	1h 17m	$1K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → 0.000%: $13.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.57
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Orderly: 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, 2 min ago	3.85 bp	doesn't fit	68.6 bp −$686	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	0.6498	+0.052%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0080%	1h	0.6526	+0.490%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6498	+0.060%	$780	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6507	+0.199%	$6.5M	$918K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6495	+0.014%	$42.6M	$14.0M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6473	−0.326%	$424K	$125K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6492	−0.034%	$2.5M	$595K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6493	−0.018%	—	$2.5M	—	as long as short
Variational Omni MNTlong	+0.0100%	8h	0.6494	long leg	$291K	$123K	—
ApeX Omni MNTUSDT	+0.0100%	1h	0.6493	−0.018%	$10K	$636K	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_USDCshort	+0.0100%	8h	0.6503	+0.136%	$1K	—	10x
BloFin MNT-USDT	+0.0220%	8h	0.6496	+0.028%	$89K	$223K	25x	as long as short
Lighter MNT	+0.0280%	1h	0.6513	+0.288%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0319%	1h	0.6493	−0.019%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0756%	1h	0.6496	+0.028%	$41K	$45K	10x	as long as short