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−0.002%7-day average +0.022% · you buy dearer than you sell

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)+0.156%+$16 · spread now −0.002%, 7d avg +0.022%

Together, before fees+0.156%+ Points / potential airdropVariational Omni: Active · farm board+$16 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 0.024% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1063	0.0100	pay 0.0050% / 4h	1h 07m	$1.5M	$814K	20x
Short	Variational Omni MELANIA	0.1063	0.0100	get 0.0050% / 4h	1h 07m	$110K	$861	—

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

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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → +0.022%: −$2.45
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: −$13.45
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 39 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, 1 min ago	8.46 bp	46.0 bp −$46	308.1 bp −$3,081	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 39 min ago	14.00 bp	doesn't fit	200.7 bp −$2,007	doesn't fit	doesn't fit

MELANIA on 13 exchanges

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	0.1062	−0.085%	$1.6M	$225K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1064	+0.030%	$2.9M	$3.1M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1063	long leg	$1.5M	$814K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1061	−0.216%	$394K	$133K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1063	+0.019%	$1.1M	$138K	100x	as long as short
Variational Omni MELANIAshort	+0.0100%	4h	0.1063	−0.002%	$110K	$861	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1063	−0.064%	$243K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0156%	4h	0.1063	−0.009%	$185K	$2K	75x	as long as short
BingX MELANIA-USDT	+0.0176%	4h	0.1063	+0.019%	—	$1.5M	—	as long as short
Bitget MELANIAUSDT	+0.0178%	4h	0.1063	−0.019%	$933K	$230K	50x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0300%	4h	0.1063	−0.019%	$416K	$2.5M	30x	as long as short
Aster MELANIAUSDT	+0.1105%	4h	0.1064	+0.034%	$21K	$12K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1240%	1h	0.1063	−0.043%	$25K	$3K	10x	as long as short