Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: ApeX Omni against Variational Omni−0.114%88s7-day average +0.051% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.114%, 7d avg +0.051%

Together, before fees+0.127%+ Points / potential airdropVariational Omni: Active · farm board+$13 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: ApeX Omni is 0.165% cheaper against Variational Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.051%. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MNT	0.6544	0.0100	pay 0.0100% / 8h	7h 30m	$295K	$168K	—
Short	ApeX Omni MNTUSDT	0.6537	0.0100	get 0.0013% / 1h	30m 01s	$11K	$637K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → +0.051%: −$16.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.53
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 44 min ago; ApeX Omni: live order book, 43 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, 44 min ago	4.61 bp	doesn't fit	56.8 bp −$568	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 43 min ago	4.60 bp	12.9 bp −$13	108.3 bp −$1,083	doesn't fit	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	0.6548	+0.049%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6548	+0.055%	$786	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.282%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6549	+0.069%	$43.1M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6522	−0.344%	$423K	$155K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6545	+0.008%	$2.5M	$588K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6550	+0.084%	—	$2.5M	—	as long as short
Variational Omni MNTlong	+0.0100%	8h	0.6544	long leg	$295K	$168K	—
ApeX Omni MNTUSDTshort	+0.0100%	1h	0.6537	−0.114%	$11K	$637K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6550	+0.084%	$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	+0.0213%	1h	0.6562	+0.266%	$6.7M	$995K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6548	+0.054%	$90K	$219K	25x	as long as short
Lighter MNT	+0.0536%	1h	0.6566	+0.333%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0590%	1h	0.6547	+0.035%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0738%	1h	0.6549	+0.069%	$38K	$48K	10x	as long as short