Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.089%7-day average −0.017% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.189%−$19 · spread now +0.089%, 7d avg −0.017%

Together, before fees−0.189%+ Points / potential airdropVariational Omni: Active · farm board−$19 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: Bybit is 0.105% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MELANIA	0.1093	0.0100	pay 0.0050% / 4h	3h 34m	$113K	$590	—
Short	Bybit MELANIAUSDT	0.1094	0.0100	get 0.0050% / 4h	3h 34m	$1.5M	$654K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.017%: $10.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.47
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 39 min ago; Bybit: live order book, 2 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, 39 min ago	13.81 bp	doesn't fit	179.5 bp −$1,795	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.41 bp	25.9 bp −$26	154.7 bp −$1,547	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	0.1091	−0.140%	$1.7M	$198K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1092	−0.058%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1094	+0.089%	$1.5M	$654K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1090	−0.268%	$420K	$56K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1093	+0.015%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1092	−0.067%	$413K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1093	−0.012%	$962K	$203K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1093	+0.015%	—	$1.5M	—	as long as short
Variational Omni MELANIAlong	+0.0100%	4h	0.1093	long leg	$113K	$590	—
BloFin MELANIA-USDT	+0.0102%	4h	0.1093	+0.025%	$197K	$6K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1095	+0.193%	$250K	—	3x	as long as short
Aster MELANIAUSDT	+0.0681%	4h	0.1090	−0.238%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0974%	1h	0.1091	−0.124%	$25K	$3K	10x	as long as short