Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0165%/8hnext payment +$0.83 per $10,000 · paid last 24h +0.057%

Price spread now: Aster against Variational Omni−0.236%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.236% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.236% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 4.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MELANIA	0.1066	0.0100	pay 0.0050% / 4h	5m 54s	$110K	$1K	—
Short	Aster MELANIAUSDT	0.1063	0.0265	get 0.0133% / 4h	5m 54s	$21K	$14K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.236%Rate

Funding earned: $34.71
Price spread: −0.236% → 0.000%: −$23.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $3.13
Costs to cover: 0.080%
Break-even: 6.4 days

Slippage unknown: Variational Omni: RFQ quote, 27 min ago; Aster: 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, 27 min ago	9.42 bp	doesn't fit	197.7 bp −$1,977	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Kraken Futures PF_MELANIAUSD	−0.0996%	1h	0.1062	−0.341%	$24K	$2K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1065	−0.112%	$1.6M	$178K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1065	−0.091%	$2.9M	$2.8M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1066	−0.028%	$1.4M	$588K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1063	−0.234%	$415K	$67K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1065	−0.103%	$1.2M	$134K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1064	−0.178%	$382K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1066	−0.009%	$946K	$180K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1065	−0.056%	—	$1.5M	—	as long as short
Variational Omni MELANIAlong	+0.0100%	4h	0.1066	long leg	$110K	$1K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1065	−0.084%	$244K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0108%	4h	0.1067	+0.104%	$198K	$5K	75x	as long as short
Aster MELANIAUSDTshort	+0.0265%	4h	0.1063	−0.236%	$21K	$14K	5x