Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni+0.211%48s7-day average −0.102% · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.490%−$49 · spread now +0.211%, 7d avg −0.102%

Together, before fees−0.484%+ Points / potential airdropVariational Omni: Active · farm board−$48 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: Aevo is 0.313% dearer against Variational Omni than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.102%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

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	1h 56m	$113K	$672	—
Short	Aevo MELANIA-PERP	0.1095	0.0104	get 0.0013% / 1h	56m 26s	$250K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now +0.211%Rate

Funding earned: $0.84
Price spread: +0.211% → −0.102%: $31.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $16.13
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 52 min ago; Aevo: live order book, 23 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, 52 min ago	13.67 bp	doesn't fit	296.1 bp −$2,961	doesn't fit	doesn't fit
Sell Aevo live order book, 23 min ago	783.41 bp	842.9 bp −$843	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
Hyperliquid MELANIA	+0.0100%	1h	0.1091	−0.119%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1093	−0.006%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1094	+0.147%	$1.5M	$851K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.348%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1092	−0.036%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1090	−0.247%	$411K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1092	−0.073%	$937K	$242K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1093	+0.046%	—	$1.5M	—	as long as short
Variational Omni MELANIAlong	+0.0100%	4h	0.1093	long leg	$113K	$672	—
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1095	+0.211%	$250K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0151%	4h	0.1091	−0.155%	$191K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0943%	4h	0.1091	−0.165%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1434%	1h	0.1092	−0.046%	$25K	$3K	10x	as long as short