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 0.000%

Price spread now: Variational Omni against Bitget+0.071%7-day average +0.043% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.071%, 7d avg +0.043%

Together, before fees+0.037%+ Points / potential airdropVariational Omni: Active · farm board+$4 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 0.028% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1080	0.0100	pay 0.0050% / 4h	1h 27m	$963K	$208K	50x
Short	Variational Omni MELANIA	0.1081	0.0100	get 0.0050% / 4h	1h 27m	$112K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.043%: $2.8
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 53 min ago; Variational Omni: RFQ quote, 56 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 Bitget live order book, 53 min ago	6.05 bp	39.3 bp −$39	140.3 bp −$1,403	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 56 min ago	13.93 bp	doesn't fit	144.0 bp −$1,440	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	+0.0054%	4h	0.1080	−0.028%	$196K	$6K	75x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0072%	1h	0.1085	+0.378%	$25K	$3K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1081	+0.065%	$1.7M	$201K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1083	+0.213%	$3.0M	$3.0M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1080	−0.037%	$420K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1083	+0.241%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1081	+0.046%	$393K	$874K	30x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1080	long leg	$963K	$208K	50x
Variational Omni MELANIAshort	+0.0100%	4h	0.1081	+0.071%	$112K	$1K	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1080	−0.027%	$247K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MELANIAUSDT	+0.0139%	4h	0.1084	+0.296%	$1.5M	$664K	20x	as long as short
BingX MELANIA-USDT	+0.0162%	4h	0.1083	+0.204%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0501%	4h	0.1081	+0.093%	$20K	$16K	5x	as long as short