Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Aevo+1.206%48s7-day average +0.086% · you sell dearer than you buy

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

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.724%−$72 · spread now +1.206%, 7d avg +0.086%

Together, before fees−0.732%+ Points / potential airdropVariational Omni: Active · farm board−$73 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: Variational Omni is 1.120% dearer against Aevo than usual: you sell high and buy low, +$112 on $10k if it goes back to its 7-day average of +0.086%. 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	Aevo MELANIA-PERP	0.1086	0.0104	pay 0.0013% / 1h	27m 29s	$248K	—	3x
Short	Variational Omni MELANIA	0.1099	0.0100	get 0.0050% / 4h	27m 29s	$113K	$672	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now +1.206%Rate

Funding earned: −$0.84
Price spread: +1.206% → +0.086%: $112.04
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $95.2
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: live order book, 22 min ago; Variational Omni: RFQ quote, 31 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 Aevo live order book, 22 min ago	1031.39 bp	1039.4 bp −$1,039	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	13.69 bp	doesn't fit	287.5 bp −$2,875	doesn't fit	doesn't fit

MELANIA on 13 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
BloFin MELANIA-USDT	+0.0040%	4h	0.1101	+1.376%	$197K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1098	+1.127%	$1.7M	$196K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1098	+1.100%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1098	+1.164%	$1.5M	$778K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1094	+0.796%	$410K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1098	+1.155%	$1.2M	$136K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1098	+1.091%	$946K	$232K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1099	+1.229%	—	$1.5M	—	as long as short
Variational Omni MELANIAshort	+0.0100%	4h	0.1099	+1.206%	$113K	$672	—
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1086	long leg	$248K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0336%	4h	0.1098	+1.137%	$444K	$1.5M	30x	as long as short
Aster MELANIAUSDT	+0.0662%	4h	0.1096	+0.916%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1746%	1h	0.1098	+1.144%	$25K	$3K	10x	as long as short