Settings8H · net · $10k
Funding arb · Price arb /

MELANIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: KuCoin against Aevo0.000%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,028as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,040as in the Price arb table
costs, in and out, $10k−$2,04320.428% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.152%+$15 on $10k
Price spread, last 3 days (all we have)+0.056%+$6 · spread now 0.000%, 7d avg −0.028%
Together, before fees+0.208%+$21 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: KuCoin is 0.028% dearer against Aevo than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MELANIA-PERP0.11000.0104pay 0.0013% / 1h3m 21s$252K3x
ShortKuCoin MELANIAUSDTM0.11000.0100get 0.0050% / 4h2h 03m$431K$1.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$0.84
Price spread: 0.000% → −0.028%
$2.81
Slippage, 4 orders
−$2,014.76
Fee Aevo: 8 bp × 2 orders
−$16
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$2,040.79
Costs to cover
20.428%
Break-even
never at this rate
Slippage from Aevo: live order book, 1 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 1 min ago818.18 bp875.5 bp −$876doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago9.09 bp96.9 bp −$97doesn't fitdoesn't fitdoesn't fit

MELANIA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MELANIA+0.0100%1h0.1100+0.018%$1.7M$204K3xas long as short
Binance MELANIAUSDT+0.0100%4h0.1100+0.036%$3.0M$3.1M75xas long as short
Bybit MELANIAUSDT+0.0100%4h0.1102+0.200%$1.5M$719K20xas long as short
Gate MELANIA_USDT+0.0100%4h0.1099−0.127%$422K$67K50xas long as short
MEXC MELANIA_USDT+0.0100%4h0.1101+0.073%$1.2M$138K100xas long as short
KuCoin MELANIAUSDTMshort+0.0100%4h0.11000.000%$431K$1.3M30x
Bitget MELANIAUSDT+0.0100%4h0.1099−0.136%$966K$214K50xas long as short
BingX MELANIA-USDT+0.0100%4h0.1101+0.073%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1100+0.023%$114K$340as long as short
Aevo MELANIA-PERPlong+0.0104%1h0.1100long leg$252K3x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MELANIAUSDT+0.0613%4h0.1100+0.027%$21K$15K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1495%1h0.1102+0.199%$25K$3K10xas long as short