Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC−0.104%7-day average +0.036% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.104%, 7d avg +0.036%

Together, before fees+0.213%+ Points / potential airdropVariational Omni: Active · farm board+$21 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 0.140% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MELANIA_USDT	0.1089	0.0100	pay 0.0050% / 4h	1h 46m	$1.2M	$137K	100x
Short	Variational Omni MELANIA	0.1088	0.0100	get 0.0050% / 4h	1h 46m	$113K	$672	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.036%: −$14
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Variational Omni: RFQ quote, 62 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 MEXC live order book, 5 min ago	3.67 bp	14.2 bp −$14	53.6 bp −$536	113.2 bp −$11.3K	doesn't fit
Sell Variational Omni RFQ quote, 62 min ago	13.67 bp	doesn't fit	223.2 bp −$2,232	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	0.1087	−0.184%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1088	−0.073%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	−0.009%	$1.5M	$855K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1088	−0.083%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1089	long leg	$1.2M	$137K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1088	−0.083%	$410K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1088	−0.073%	$934K	$242K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	+0.018%	—	$1.5M	—	as long as short
Variational Omni MELANIAshort	+0.0100%	4h	0.1088	−0.104%	$113K	$672	—
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.358%	$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	+0.0136%	4h	0.1089	0.000%	$191K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0874%	4h	0.1089	+0.008%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1440%	1h	0.1088	−0.126%	$25K	$3K	10x	as long as short