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: Bybit against Variational Omni+0.254%7-day average −0.017% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

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 3 days (all we have)−0.354%−$35 · spread now +0.254%, 7d avg −0.017%

Together, before fees−0.354%+ Points / potential airdropVariational Omni: Active · farm board−$35 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: Bybit is 0.271% dearer against Variational Omni than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MELANIA	0.1090	0.0100	pay 0.0050% / 4h	3h 42m	$113K	$590	—
Short	Bybit MELANIAUSDT	0.1092	0.0100	get 0.0050% / 4h	3h 42m	$1.5M	$677K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.254%Rate

Funding earned: $0
Price spread: +0.254% → −0.017%: $27.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $16.07
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; Bybit: live order book, 4 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 Variational Omni RFQ quote, 32 min ago	13.81 bp	doesn't fit	179.5 bp −$1,795	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	7.35 bp	36.1 bp −$36	178.6 bp −$1,786	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	0.1092	+0.217%	$1.7M	$200K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1094	+0.355%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1092	+0.254%	$1.5M	$677K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1091	+0.098%	$423K	$55K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1094	+0.346%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1092	+0.208%	$411K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1092	+0.190%	$967K	$211K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1093	+0.328%	—	$1.5M	—	as long as short
Variational Omni MELANIAlong	+0.0100%	4h	0.1090	long leg	$113K	$590	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1091	+0.116%	$249K	—	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	+0.0118%	4h	0.1089	−0.040%	$196K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0584%	4h	0.1090	−0.012%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0972%	1h	0.1094	+0.404%	$25K	$3K	10x	as long as short