Funding arb · Price arb /

MELANIA

all MELANIA markets

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 0.000%

Price spread now: Variational Omni against Bitget+0.556%7-day average +0.050% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.472%−$47 · spread now +0.556%, 7d avg +0.050%

Together, before fees−0.475%+ Points / potential airdropVariational Omni: Active · farm board−$47 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 0.506% dearer against Bitget than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1090	0.0100	pay 0.0050% / 4h	2h 42m	$937K	$247K	50x
Short	Variational Omni MELANIA	0.1096	0.0100	get 0.0050% / 4h	2h 42m	$113K	$672	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.556%Rate

Funding earned: $0
Price spread: +0.556% → +0.050%: $50.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $38.55
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, 6 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 Bitget live order book, 3 min ago	9.58 bp	44.3 bp −$44	153.7 bp −$1,537	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 6 min ago	13.67 bp	doesn't fit	223.2 bp −$2,232	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
Hyperliquid MELANIA	+0.0100%	1h	0.1090	−0.046%	$1.7M	$212K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1091	+0.037%	$3.0M	$3.3M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1090	+0.018%	$1.5M	$818K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1090	−0.028%	$408K	$104K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1091	+0.028%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1090	−0.028%	$435K	$1.8M	30x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1090	long leg	$937K	$247K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1092	+0.119%	—	$1.5M	—	as long as short
Variational Omni MELANIAshort	+0.0100%	4h	0.1096	+0.556%	$113K	$672	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1082	−0.730%	$247K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0121%	4h	0.1093	+0.257%	$196K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0523%	4h	0.1091	+0.055%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1816%	1h	0.1090	−0.050%	$25K	$3K	10x	as long as short