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 +0.018%

Price spread now: KuCoin against Variational Omni−0.273%7-day average −0.109% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.273%, 7d avg −0.109%

Together, before fees−0.023%+ Points / potential airdropVariational Omni: Active · farm board−$2 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: KuCoin is 0.164% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MELANIA	0.1088	0.0100	pay 0.0050% / 4h	3h 03m	$112K	$672	—
Short	KuCoin MELANIAUSDTM	0.1085	0.0100	get 0.0050% / 4h	3h 03m	$416K	$2.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.273%Rate

Funding earned: $0
Price spread: −0.273% → −0.109%: −$16.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.36
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; KuCoin: live order book, 3 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, 30 min ago	18.40 bp	doesn't fit	331.2 bp −$3,312	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	9.21 bp	153.9 bp −$154	doesn't fit	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	0.1086	−0.144%	$1.6M	$225K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1086	−0.170%	$3.0M	$3.3M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1087	−0.098%	$1.5M	$849K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1084	−0.411%	$415K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1086	−0.163%	$1.2M	$142K	100x	as long as short
KuCoin MELANIAUSDTMshort	+0.0100%	4h	0.1085	−0.273%	$416K	$2.2M	30x
Bitget MELANIAUSDT	+0.0100%	4h	0.1088	−0.034%	$935K	$249K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1087	−0.080%	—	$1.5M	—	as long as short
Variational Omni MELANIAlong	+0.0100%	4h	0.1088	long leg	$112K	$672	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1086	−0.211%	$248K	—	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	+0.0130%	4h	0.1088	+0.003%	$190K	$4K	75x	as long as short
Aster MELANIAUSDT	+0.0688%	4h	0.1086	−0.150%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.2810%	1h	0.1086	−0.227%	$25K	$3K	10x	as long as short