Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1761%/8h= +192.8% APRpaid last 24h −0.292%

Price spread now: Kraken Futures against Variational Omni−0.134%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.134% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 6 hours of funding at the current rate (+$53 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MELANIA	0.1104	0.0100	pay 0.0050% / 4h	1h 29m	$114K	$340	—
Short	Kraken Futures PF_MELANIAUSD	0.1102	0.1861	get 0.0233% / 1h	29m 12s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.134%Rate

Funding earned: $369.82
Price spread: −0.134% → 0.000%: −$13.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $346.41
Costs to cover: 0.100%
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Kraken Futures: no order-book sample. 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, 35 min ago	13.60 bp	doesn't fit	276.6 bp −$2,766	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1102	−0.138%	$1.7M	$206K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1099	−0.410%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1102	−0.120%	$1.5M	$739K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1100	−0.328%	$422K	$67K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1100	−0.337%	$1.2M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1100	−0.347%	$961K	$216K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1103	−0.020%	—	$1.5M	—	as long as short
Variational Omni MELANIAlong	+0.0100%	4h	0.1104	long leg	$114K	$340	—
BloFin MELANIA-USDT	+0.0100%	4h	0.1100	−0.337%	$198K	$6K	75x	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1092	−1.048%	$250K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0360%	4h	0.1102	−0.138%	$442K	$1.4M	30x	as long as short
Aster MELANIAUSDT	+0.0857%	4h	0.1100	−0.292%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.1861%	1h	0.1102	−0.134%	$25K	$3K	10x