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% APRpaid last 24h +0.019%

Price spread now: Gate against Variational Omni−0.243%7-day average −0.033% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.243%, 7d avg −0.033%

Together, before fees+0.181%+ Points / potential airdropVariational Omni: Active · farm board+$18 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: Gate is 0.210% cheaper against Variational Omni than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MNT	0.6486	0.0100	pay 0.0100% / 8h	1h 32m	$291K	$123K	—
Short	Gate MNT_USDT	0.6470	0.0100	get 0.0050% / 4h	1h 32m	$423K	$125K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.243%Rate

Funding earned: $0
Price spread: −0.243% → −0.033%: −$20.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.96
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 51 min ago; Gate: live order book, 48 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, 51 min ago	3.83 bp	doesn't fit	19.1 bp −$191	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	13.82 bp	38.3 bp −$38	doesn't fit	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	0.6493	+0.112%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0080%	1h	0.6526	+0.621%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6496	+0.156%	$780	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6497	+0.170%	$6.5M	$916K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6484	−0.019%	$42.6M	$14.0M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6470	−0.243%	$423K	$125K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6485	−0.012%	$2.5M	$594K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6484	−0.027%	—	$2.5M	—	as long as short
Variational Omni MNTlong	+0.0100%	8h	0.6486	long leg	$291K	$123K	—
ApeX Omni MNTUSDT	+0.0100%	1h	0.6488	+0.035%	$10K	$640K	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	0.6501	+0.235%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6486	+0.004%	$89K	$222K	25x	as long as short
Lighter MNT	+0.0296%	1h	0.6505	+0.304%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0319%	1h	0.6493	+0.105%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0755%	1h	0.6493	+0.112%	$46K	$43K	10x	as long as short