Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.048%7-day average +0.023% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now +0.048%, 7d avg +0.023%

Together, before fees+0.183%+ Points / potential airdropVariational Omni: Active · farm board+$18 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 0.025% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1086	0.0100	pay 0.0050% / 4h	3h 39m	$1.5M	$857K	20x
Short	Variational Omni MELANIA	0.1087	0.0100	get 0.0050% / 4h	3h 39m	$112K	$672	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.023%: $2.52
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.48
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 60 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 Bybit live order book, 2 min ago	7.36 bp	43.7 bp −$44	182.7 bp −$1,827	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 60 min ago	13.77 bp	doesn't fit	224.9 bp −$2,249	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	+0.0084%	4h	0.1087	+0.092%	$189K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1085	−0.129%	$1.7M	$218K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1086	−0.043%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1086	long leg	$1.5M	$857K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1085	−0.129%	$415K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1086	−0.028%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1086	−0.009%	$407K	$2.2M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1086	−0.009%	$932K	$249K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1086	−0.037%	—	$1.5M	—	as long as short
Variational Omni MELANIAshort	+0.0100%	4h	0.1087	+0.048%	$112K	$672	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.101%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0560%	4h	0.1086	−0.009%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.2804%	1h	0.1088	+0.140%	$25K	$3K	10x	as long as short