Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0910%/8h= +99.7% APRpaid last 24h −0.106%

Price spread now: Kraken Futures against Binance−0.009%7-day average — · you buy dearer than you sell

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

Long on Binance 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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$27 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1087	0.0100	pay 0.0050% / 4h	38m 50s	$3.0M	$3.4M	75x
Short	Kraken Futures PF_MELANIAUSD	0.1087	0.1010	get 0.0126% / 1h	38m 50s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.009%Rate

Funding earned: $191.2
Price spread: −0.009% → 0.000%: −$0.86
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $170.34
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: Binance: live order book, 12 min ago; 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 Binance live order book, 12 min ago	4.14 bp	30.7 bp −$31	132.3 bp −$1,323	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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
Hyperliquid MELANIA	+0.0100%	1h	0.1087	+0.006%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1087	long leg	$3.0M	$3.4M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	+0.125%	$1.5M	$852K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1087	−0.013%	$409K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1087	+0.006%	$1.2M	$140K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1087	−0.031%	$413K	$2.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1088	+0.079%	$934K	$249K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1088	+0.061%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1089	+0.165%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.215%	$248K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0125%	4h	0.1088	+0.042%	$190K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0890%	4h	0.1088	+0.083%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.1010%	1h	0.1087	−0.009%	$25K	$3K	10x