Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Variational Omni−0.159%7-day average −0.013% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.104%+$10 · spread now −0.159%, 7d avg −0.013%

Together, before fees+0.108%+ Points / potential airdropVariational Omni: Active · farm board+$11 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: BingX is 0.146% cheaper against Variational Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MELANIA	0.1087	0.0100	pay 0.0050% / 4h	21m 33s	$113K	$590	—
Short	BingX MELANIA-USDT	0.1085	0.0100	get 0.0050% / 4h	21m 33s	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.159%Rate

Funding earned: $0
Price spread: −0.159% → −0.013%: −$14.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.58
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 57 min ago; BingX: live order book, 10 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, 57 min ago	9.24 bp	doesn't fit	286.5 bp −$2,865	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.06 bp	31.7 bp −$32	101.0 bp −$1,010	537.7 bp −$53.8K	788.8 bp −$394.4K

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	0.1085	−0.168%	$1.7M	$202K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1086	−0.113%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1087	+0.025%	$1.5M	$679K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1084	−0.324%	$421K	$62K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1085	−0.159%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1084	−0.297%	$394K	$1.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1084	−0.260%	$961K	$216K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1085	−0.159%	—	$1.5M	—
Variational Omni MELANIAlong	+0.0100%	4h	0.1087	long leg	$113K	$590	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.205%	$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	+0.0152%	4h	0.1084	−0.343%	$196K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0491%	4h	0.1084	−0.319%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1986%	1h	0.1086	−0.132%	$25K	$3K	10x	as long as short