Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance−0.263%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1131.130% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now −0.263%, 7d avg −0.165%

Together, before fees−0.290%−$29 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: Gate is 0.098% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1074	0.0100	pay 0.0050% / 4h	2h 50m	$3.0M	$2.9M	75x
Short	Gate MELANIA_USDT	0.1071	0.0100	get 0.0050% / 4h	2h 50m	$418K	$64K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.263%Rate

Funding earned: $0
Price spread: −0.263% → −0.165%: −$9.77
Slippage, 4 orders: −$88.04
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$122.81
Costs to cover: 1.130%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Gate: live order book, 34 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 Binance live order book, 15 min ago	2.79 bp	25.8 bp −$26	115.6 bp −$1,156	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	11.69 bp	30.8 bp −$31	doesn't fit	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	−0.0958%	1h	0.1069	−0.410%	$24K	$2K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1074	−0.002%	$1.6M	$187K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1074	long leg	$3.0M	$2.9M	75x
Gate MELANIA_USDTshort	+0.0100%	4h	0.1071	−0.263%	$418K	$64K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1074	+0.007%	$1.2M	$133K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1071	−0.263%	$384K	$899K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1072	−0.151%	$946K	$189K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1078	+0.393%	$112K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1072	−0.185%	$245K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0130%	4h	0.1073	−0.067%	$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	+0.0370%	4h	0.1073	−0.067%	$1.4M	$630K	20x	as long as short
BingX MELANIA-USDT	+0.0436%	4h	0.1075	+0.063%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0632%	4h	0.1071	−0.239%	$21K	$14K	5x	as long as short