Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Orderly against Variational Omni+0.111%48s7-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 0.111% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	0.6452	0.0100	pay 0.0100% / 8h	4h 22m	$286K	$142K	—
Short	Orderly PERP_MNT_USDC	0.6459	0.0100	get 0.0100% / 8h	4h 22m	$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

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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 OrderlybpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → 0.000%: $11.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.15
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 36 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, 36 min ago	4.65 bp	doesn't fit	68.2 bp −$682	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	0.6452	−0.001%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0566%	1h	0.6452	+0.009%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6453	+0.021%	$775	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.150%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6462	+0.156%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6451	−0.020%	$42.3M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6438	−0.214%	$433K	$175K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6449	−0.043%	$2.4M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6453	+0.019%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6449	−0.043%	$41K	$55K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNTlong	+0.0100%	8h	0.6452	long leg	$286K	$142K	—
ApeX Omni MNTUSDT	+0.0100%	1h	0.6460	+0.127%	$11K	$641K	50x	as long as short
Orderly PERP_MNT_USDCshort	+0.0100%	8h	0.6459	+0.111%	$1K	—	10x
BloFin MNT-USDT	+0.0220%	8h	0.6453	+0.019%	$90K	$214K	25x	as long as short
Lighter MNT	+0.0392%	1h	0.6469	+0.271%	$141K	$75K	5x	as long as short