MNT

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.130%

7d average—if it closes, per $10,000$13funding while held, a day+$0.00

Long on Backpack Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MNT_USDC_PERP	0.6368	0.0100	pay 0.0013% / 1h	33m 46s	$53K	$35K	10x
Short	Variational Omni MNT	0.6376	0.0100	get 0.0100% / 8h	7h 33m	$285K	$121K	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BackpackbpFee Variational OmnibpOrdersClose when spread is

Spread captured: $13
Funding while held: $0
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3
Spread needed to break even: 0.100%

Slippage unknown: Backpack: no order-book sample; Variational Omni: RFQ quote, 11 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: 0.0000%
Per $10,000 a day: +$0.00
Average in range /8h: —

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 Backpack no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 11 min ago	4.71 bp	doesn't fit	83.2 bp −$832	doesn't fit	doesn't fit

Backpack: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective0.6052cheapest BingX0.6365+5.172%Bybit0.6366+5.188%MEXC0.6368+5.221%

Backpack0.6368+5.221%

BloFin0.6371+5.271%Gate0.6372+5.288%GMX0.6375+5.337%gTrade (Gains Network)0.6375+5.338%

Variational Omni0.6376+5.358%

Kraken Futures0.6378+5.385%ApeX Omni0.6379+5.403%Hyperliquid0.6379+5.408%Lighter0.6381+5.433%Orderly0.6382+5.453%

MNT on 15 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MNT/USDC PERP	−4.962%	+0.0033%	1h	$3K	$84K	12x	as long as short
BingX MNT-USDT	−0.047%	+0.0019%	8h	—	$2.5M	—	as long as short
Bybit MNTUSDT	−0.031%	−0.0107%	8h	$41.9M	$12.6M	25x	as long as short
MEXC MNT_USDT	0.000%	−0.0083%	8h	$2.5M	$568K	100x	as long as short
Backpack MNT_USDC_PERPlong	0.000%	+0.0100%	1h	$53K	$35K	10x
BloFin MNT-USDT	+0.047%	+0.0079%	8h	$91K	$186K	25x	as long as short
Gate MNT_USDT	+0.063%	+0.0100%	4h	$405K	$107K	25x	as long as short
GMX MNT/USD [ETH-USDC]	+0.110%	L −0.1877% / S +0.0137%	1h	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	+0.111%	L +0.0010% / S 0.0000%	1h	$765	—	150x	as long as short
Variational Omni MNTshort	+0.130%	+0.0100%	8h	$285K	$121K	—

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MNTUSD	+0.155%	+0.0388%	1h	$16K	$13K	20x	as long as short
ApeX Omni MNTUSDT	+0.173%	+0.0100%	1h	$11K	$638K	50x	as long as short
Hyperliquid MNT	+0.177%	+0.0197%	1h	$6.4M	$979K	5x	as long as short
Lighter MNT	+0.201%	+0.0256%	1h	$131K	$67K	5x	as long as short
Orderly PERP_MNT_USDC	+0.220%	+0.0100%	8h	$1K	—	10x	as long as short