Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.436%7-day average +0.197% · 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 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.436%, 7d avg +0.197%

Together, before fees−0.131%+ Points / potential airdropVariational Omni: Active · farm board−$13 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 0.239% dearer against Gate than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.197%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MELANIA_USDT	0.1075	0.0100	pay 0.0050% / 4h	2h 33m	$392K	$113K	50x
Short	Variational Omni MELANIA	0.1080	0.0100	get 0.0050% / 4h	2h 33m	$112K	$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 +0.436%Rate

Funding earned: $0
Price spread: +0.436% → +0.197%: $23.87
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: $8.87
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 12 min ago; Variational Omni: RFQ quote, 16 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, 12 min ago	24.71 bp	41.2 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 16 min ago	13.67 bp	doesn't fit	223.2 bp −$2,232	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	0.1073	−0.186%	$1.6M	$221K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1075	−0.047%	$2.9M	$3.3M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1075	−0.028%	$1.5M	$841K	20x	as long as short
Gate MELANIA_USDTlong	+0.0100%	4h	0.1075	long leg	$392K	$113K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1074	−0.121%	$1.2M	$138K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1075	0.000%	$404K	$1.8M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1076	+0.084%	$924K	$253K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1074	−0.093%	—	$1.5M	—	as long as short
Variational Omni MELANIAshort	+0.0100%	4h	0.1080	+0.436%	$112K	$672	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1075	0.000%	$246K	—	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	+0.0110%	4h	0.1077	+0.186%	$194K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0468%	4h	0.1077	+0.167%	$20K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1842%	1h	0.1074	−0.060%	$25K	$3K	10x	as long as short