Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: BingX against Aevo+0.107%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,772as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,772as in the Price arb table

costs, in and out, $10k−$1,77617.764% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now +0.107%, 7d avg +0.064%

Together, before fees+0.195%+$20 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: BingX is 0.043% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1091	0.0104	pay 0.0013% / 1h	40m 05s	$250K	—	3x
Short	BingX MELANIA-USDT	0.1092	0.0100	get 0.0050% / 4h	3h 40m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 AevobpFee BingXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$0.84
Price spread: +0.107% → +0.064%: $4.32
Slippage, 4 orders: −$1,750.42
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,772.93
Costs to cover: 17.764%
Break-even: never at this rate

Slippage from Aevo: live order book, 34 min ago; BingX: live order book, 2 min ago.

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 Aevo live order book, 34 min ago	783.41 bp	880.6 bp −$881	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	6.41 bp	33.6 bp −$34	104.9 bp −$1,049	565.0 bp −$56.5K	807.5 bp −$403.8K

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	0.1092	+0.034%	$1.7M	$201K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1092	+0.071%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1092	+0.107%	$1.5M	$675K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.241%	$421K	$55K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1092	+0.089%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1091	−0.030%	$412K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1091	+0.016%	$967K	$208K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1092	+0.107%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.124%	$113K	$590	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1091	long leg	$250K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0138%	4h	0.1093	+0.153%	$197K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0615%	4h	0.1090	−0.159%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0972%	1h	0.1093	+0.188%	$25K	$3K	10x	as long as short