Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni−0.072%7-day average +0.030% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.072%, 7d avg +0.030%

Together, before fees−0.042%+ Points / potential airdropVariational Omni: Active · farm board−$4 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: Bybit is 0.103% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MNT	0.6470	0.0100	pay 0.0100% / 8h	6h 20m	$289K	$103K	—
Short	Bybit MNTUSDT	0.6465	0.0100	get 0.0100% / 8h	6h 20m	$42.9M	$14.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → +0.030%: −$10.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.26
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 31 min ago; Bybit: live order book, 1 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, 31 min ago	4.65 bp	doesn't fit	71.3 bp −$713	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.77 bp	22.3 bp −$22	91.7 bp −$917	doesn't fit	doesn't fit

MNT on 15 exchanges

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	0.6472	+0.041%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6475	+0.084%	$777	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.871%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6477	+0.116%	$6.5M	$822K	5x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6465	−0.072%	$42.9M	$14.4M	25x
Gate MNT_USDT	+0.0100%	4h	0.6467	−0.041%	$438K	$175K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6470	+0.005%	$2.3M	$108K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6467	−0.041%	—	$2.6M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6470	+0.005%	$36K	$62K	10x	as long as short
Variational Omni MNTlong	+0.0100%	8h	0.6470	long leg	$289K	$103K	—

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6470	+0.005%	$11K	$644K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6475	+0.082%	$1K	$74	10x	as long as short
Lighter MNT	+0.0128%	1h	0.6483	+0.212%	$146K	$71K	5x	as long as short
BloFin MNT-USDT	+0.0308%	8h	0.6472	+0.036%	$91K	$124K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0655%	1h	0.6481	+0.168%	$16K	$39K	20x	as long as short