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 +0.018%

Price spread now: KuCoin against Variational Omni+0.421%7-day average −0.109% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.747%−$75 · spread now +0.421%, 7d avg −0.109%

Together, before fees−0.717%+ Points / potential airdropVariational Omni: Active · farm board−$72 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: KuCoin is 0.530% dearer against Variational Omni than usual: you sell high and buy low, +$53 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MELANIA	0.1083	0.0100	pay 0.0050% / 4h	3h 21m	$112K	$672	—
Short	KuCoin MELANIAUSDTM	0.1088	0.0100	get 0.0050% / 4h	3h 21m	$411K	$2.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.421%Rate

Funding earned: $0
Price spread: +0.421% → −0.109%: $53.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $41.04
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 13 min ago; KuCoin: live order book, 5 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, 13 min ago	18.40 bp	doesn't fit	331.2 bp −$3,312	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	13.86 bp	151.7 bp −$152	doesn't fit	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
BloFin MELANIA-USDT	+0.0080%	4h	0.1089	+0.523%	$140K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1089	+0.513%	$1.7M	$216K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1089	+0.495%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1091	+0.661%	$1.5M	$857K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1085	+0.163%	$415K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1089	+0.550%	$1.2M	$141K	100x	as long as short
KuCoin MELANIAUSDTMshort	+0.0100%	4h	0.1088	+0.421%	$411K	$2.2M	30x
Bitget MELANIAUSDT	+0.0100%	4h	0.1090	+0.559%	$936K	$254K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1090	+0.596%	—	$1.5M	—	as long as short
Variational Omni MELANIAlong	+0.0100%	4h	0.1083	long leg	$112K	$672	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1081	−0.200%	$247K	—	3x	as long as short
Aster MELANIAUSDT	+0.0561%	4h	0.1086	+0.255%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.2798%	1h	0.1090	+0.625%	$25K	$3K	10x	as long as short