Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0866%/8h= +94.8% APRpaid last 24h −0.414%

Price spread now: Kraken Futures against Variational Omni+0.759%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Kraken Futures is 0.759% dearer against Variational Omni than usual: you sell high and buy low: +$76 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MELANIA	0.1093	0.0100	pay 0.0050% / 4h	3h 59m	$113K	$590	—
Short	Kraken Futures PF_MELANIAUSD	0.1101	0.0966	get 0.0121% / 1h	59m 11s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.759%Rate

Funding earned: $181.76
Price spread: +0.759% → 0.000%: $75.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $247.66
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 15 min ago; Kraken Futures: no order-book sample. 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, 15 min ago	13.81 bp	doesn't fit	179.5 bp −$1,795	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.110%	$1.7M	$204K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1093	+0.038%	$3.0M	$3.1M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1094	+0.091%	$1.5M	$680K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1091	−0.183%	$423K	$54K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1093	+0.036%	$1.2M	$135K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1093	+0.018%	$403K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1089	−0.311%	$965K	$215K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1093	+0.046%	—	$1.5M	—	as long as short
Variational Omni MELANIAlong	+0.0100%	4h	0.1093	long leg	$113K	$590	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1081	−1.108%	$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	+0.0139%	4h	0.1092	−0.083%	$194K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0674%	4h	0.1091	−0.174%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.0966%	1h	0.1101	+0.759%	$25K	$3K	10x