MNT

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.092%

7d average—if it closes, per $10,000$9funding while held, a day+$0.00

Long on Variational Omni Short on Backpack

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MNT	0.6339	0.0100	pay 0.0100% / 8h	1h 08m	$289K	$117K	—
Short	Backpack MNT_USDC_PERP	0.6345	0.0100	get 0.0013% / 1h	8m 54s	$53K	$36K	10x

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 Variational OmnibpFee BackpackbpOrdersClose when spread is

Spread captured: $9.25
Funding while held: $0
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$0.75
Spread needed to break even: 0.100%

Slippage unknown: Variational Omni: RFQ quote, 47 min ago; Backpack: no order-book sample. 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 Variational Omni RFQ quote, 47 min ago	4.74 bp	doesn't fit	80.5 bp −$805	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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 BloFin0.6333+4.643%

Variational Omni0.6339+4.744%

MEXC0.6341+4.775%Gate0.6342+4.792%BingX0.6344+4.825%

Backpack0.6345+4.841%

ApeX Omni0.6345+4.841%gTrade (Gains Network)0.6346+4.856%Bybit0.6346+4.858%GMX0.6346+4.859%Orderly0.6347+4.874%Hyperliquid0.6357+5.041%Lighter0.6359+5.066%Kraken Futures0.6361+5.113%

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	−4.530%	+0.0033%	1h	$3K	$123K	12x	as long as short
BloFin MNT-USDT	−0.097%	+0.0220%	8h	$92K	$186K	25x	as long as short
Variational Omni MNTlong	0.000%	+0.0100%	8h	$289K	$117K	—
MEXC MNT_USDT	+0.029%	+0.0100%	8h	$2.5M	$546K	100x	as long as short
Gate MNT_USDT	+0.045%	+0.0100%	4h	$404K	$129K	25x	as long as short
BingX MNT-USDT	+0.077%	+0.0100%	8h	—	$2.4M	—	as long as short
Backpack MNT_USDC_PERPshort	+0.092%	+0.0100%	1h	$53K	$36K	10x
ApeX Omni MNTUSDT	+0.092%	+0.0100%	1h	$11K	$642K	50x	as long as short
gTrade (Gains Network) MNT/USD	+0.106%	L +0.0010% / S 0.0000%	1h	$762	—	150x	as long as short
Bybit MNTUSDT	+0.108%	+0.0100%	8h	$41.7M	$12.4M	25x	as long as short

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX MNT/USD [ETH-USDC]	+0.109%	L −0.2490% / S +0.0182%	1h	$19	—	100x	as long as short
Orderly PERP_MNT_USDC	+0.124%	+0.0100%	8h	$1K	—	10x	as long as short
Hyperliquid MNT	+0.283%	+0.0316%	1h	$6.3M	$902K	5x	as long as short
Lighter MNT	+0.307%	+0.0592%	1h	$130K	$62K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.352%	+0.1915%	1h	$17K	$13K	20x	as long as short