Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Aevo−0.007%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$512as in the Funding arb table

Net, price: spread back to 7d avg − costs−$513as in the Price arb table

costs, in and out, $10k−$5105.103% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.516%+$52 · spread now −0.007%, 7d avg +0.015%

Together, before fees+0.498%+$50 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: Bitget is 0.022% cheaper against Aevo than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1072	0.0104	pay 0.0013% / 1h	49m 02s	$245K	—	3x
Short	Bitget MELANIAUSDT	0.1072	0.0100	get 0.0050% / 4h	2h 49m	$946K	$189K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$0.84
Price spread: −0.007% → +0.015%: −$2.24
Slippage, 4 orders: −$482.27
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$513.36
Costs to cover: 5.103%
Break-even: never at this rate

Slippage from Aevo: live order book, 40 min ago; Bitget: live order book, 36 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, 40 min ago	186.92 bp	250.7 bp −$251	1081.1 bp −$10.8K	doesn't fit	doesn't fit
Sell Bitget live order book, 36 min ago	4.20 bp	27.2 bp −$27	99.3 bp −$993	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
Kraken Futures PF_MELANIAUSD	−0.0957%	1h	0.1070	−0.192%	$24K	$2K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1072	−0.007%	$1.6M	$187K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1073	+0.077%	$3.0M	$2.9M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1072	+0.030%	$418K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1072	+0.030%	$1.2M	$133K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1072	+0.011%	$381K	$899K	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1072	−0.007%	$946K	$189K	50x
Variational Omni MELANIA	+0.0100%	4h	0.1072	+0.030%	$111K	$1K	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1072	long leg	$245K	—	3x
BloFin MELANIA-USDT	+0.0105%	4h	0.1074	+0.151%	$198K	$5K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MELANIAUSDT	+0.0361%	4h	0.1074	+0.188%	$1.4M	$630K	20x	as long as short
BingX MELANIA-USDT	+0.0436%	4h	0.1073	+0.077%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0636%	4h	0.1072	+0.013%	$21K	$14K	5x	as long as short