Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1591%/8h= −174.2% APRpaid last 24h −0.514%

Price spread now: Kraken Futures against Aster−0.275%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Kraken Futures is 0.275% cheaper against Aster than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MELANIAUSDT	0.1069	0.0631	pay 0.0315% / 4h	2h 28m	$21K	$14K	5x
Short	Kraken Futures PF_MELANIAUSD	0.1067	−0.0960	pay 0.0120% / 1h	28m 34s	$24K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.275%Rate

Funding earned: −$334.09
Price spread: −0.275% → 0.000%: −$27.54
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$379.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster and Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_MELANIAUSDshort	−0.0960%	1h	0.1067	−0.275%	$24K	$2K	10x
BloFin MELANIA-USDT	+0.0098%	4h	0.1070	+0.049%	$197K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1070	+0.030%	$1.6M	$187K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1070	+0.088%	$2.9M	$2.9M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1069	−0.036%	$417K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1071	+0.105%	$1.2M	$135K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1068	−0.138%	$382K	$849K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1069	−0.045%	$937K	$192K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1069	−0.007%	$111K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1070	+0.049%	$245K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MELANIA-USDT	+0.0310%	4h	0.1072	+0.254%	—	$1.5M	—	as long as short
Bybit MELANIAUSDT	+0.0345%	4h	0.1069	−0.026%	$1.4M	$632K	20x	as long as short
Aster MELANIAUSDTlong	+0.0631%	4h	0.1069	long leg	$21K	$14K	5x