Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Aevo−0.362%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,867as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,907as in the Price arb table

costs, in and out, $10k−$1,86518.648% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+1.032%+$103 · spread now −0.362%, 7d avg +0.061%

Together, before fees+1.012%+$101 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: Bybit is 0.423% cheaper against Aevo than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1099	0.0104	pay 0.0013% / 1h	41m 49s	$251K	—	3x
Short	Bybit MELANIAUSDT	0.1095	0.0100	get 0.0050% / 4h	1h 41m	$1.5M	$732K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.362%Rate

Funding earned: −$0.84
Price spread: −0.362% → +0.061%: −$42.33
Slippage, 4 orders: −$1,837.8
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,907.97
Costs to cover: 18.648%
Break-even: never at this rate

Slippage from Aevo: live order book, 22 min ago; Bybit: live order book, 4 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, 22 min ago	818.18 bp	875.5 bp −$876	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.39 bp	37.2 bp −$37	201.4 bp −$2,014	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
BloFin MELANIA-USDT	+0.0054%	4h	0.1099	+0.038%	$200K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1096	−0.208%	$1.7M	$207K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1096	−0.253%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1095	−0.362%	$1.5M	$732K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1095	−0.326%	$420K	$66K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1098	−0.044%	$1.2M	$136K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1095	−0.280%	$963K	$213K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1097	−0.117%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1095	−0.330%	$113K	$340	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1099	long leg	$251K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0270%	4h	0.1098	−0.053%	$446K	$1.4M	30x	as long as short
Aster MELANIAUSDT	+0.0810%	4h	0.1095	−0.336%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1868%	1h	0.1098	−0.055%	$25K	$3K	10x	as long as short