Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.003%

Price spread now: BloFin against Aevo−0.141%7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$489as in the Funding arb table

Net, price: spread back to 7d avg − costs−$515as in the Price arb table

costs, in and out, $10k−$4924.925% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.141%, 7d avg +0.083%

Together, before fees+0.379%+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.224% cheaper against Aevo than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1065	0.0104	pay 0.0013% / 1h	30m 49s	$244K	—	3x
Short	BloFin MELANIA-USDT	0.1064	0.0078	get 0.0039% / 4h	1h 30m	$186K	$4K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$5.36
Price spread: −0.141% → +0.083%: −$22.36
Slippage, 4 orders: −$464.49
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$520.21
Costs to cover: 4.925%
Break-even: never at this rate

Slippage from Aevo: live order book, 16 min ago; BloFin: live order book, 7 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, 16 min ago	186.92 bp	246.0 bp −$246	1040.5 bp −$10.4K	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	2.34 bp	22.2 bp −$22	59.6 bp −$596	doesn't fit	doesn't fit

MELANIA on 13 exchanges

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
BloFin MELANIA-USDTshort	+0.0078%	4h	0.1064	−0.141%	$186K	$4K	75x
Hyperliquid MELANIA	+0.0100%	1h	0.1064	−0.075%	$1.6M	$226K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1064	−0.103%	$2.9M	$3.1M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1065	+0.028%	$1.5M	$813K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1062	−0.263%	$392K	$130K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1064	−0.085%	$1.1M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1065	−0.019%	$929K	$226K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1065	−0.009%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1068	+0.275%	$110K	$861	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1065	long leg	$244K	—	3x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0136%	4h	0.1064	−0.094%	$421K	$2.5M	30x	as long as short
Aster MELANIAUSDT	+0.0830%	4h	0.1063	−0.207%	$21K	$12K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1240%	1h	0.1063	−0.179%	$25K	$3K	10x	as long as short