Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.308%7-day average +0.195% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now +0.308%, 7d avg +0.195%

Together, before fees+0.115%+ Points / potential airdropVariational Omni: Active · farm board+$12 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 0.113% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.195%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MELANIA_USDT	0.1102	0.0100	pay 0.0050% / 4h	1h 17m	$423K	$67K	50x
Short	Variational Omni MELANIA	0.1105	0.0100	get 0.0050% / 4h	1h 17m	$114K	$672	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.308%Rate

Funding earned: $0
Price spread: +0.308% → +0.195%: $11.34
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.66
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 43 min ago; Variational Omni: RFQ quote, 46 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 Gate live order book, 43 min ago	22.29 bp	38.1 bp −$38	9645.5 bp −$96.5K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 46 min ago	13.60 bp	doesn't fit	167.8 bp −$1,678	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	0.1104	+0.227%	$1.7M	$206K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1105	+0.269%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1104	+0.209%	$1.5M	$741K	20x	as long as short
Gate MELANIA_USDTlong	+0.0100%	4h	0.1102	long leg	$423K	$67K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1105	+0.272%	$1.2M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1102	+0.054%	$964K	$217K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1105	+0.272%	—	$1.5M	—	as long as short
Variational Omni MELANIAshort	+0.0100%	4h	0.1105	+0.308%	$114K	$672	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1095	−0.632%	$250K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0146%	4h	0.1104	+0.191%	$199K	$6K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0424%	4h	0.1104	+0.218%	$447K	$1.4M	30x	as long as short
Aster MELANIAUSDT	+0.0905%	4h	0.1103	+0.136%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1859%	1h	0.1103	+0.148%	$25K	$3K	10x	as long as short