MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0332%/8h= −36.4% APRnext payment −$1.66 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against BingX+0.037%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1031.034% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.037%, 7d avg −0.022%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.059% dearer against BingX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.022%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.063% in total) that is about 6.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MELANIA-USDT	0.1079	0.0432	pay 0.0216% / 4h	2h 57m	—	$1.5M	—
Short	Bitget MELANIAUSDT	0.1080	0.0100	get 0.0050% / 4h	2h 57m	$953K	$188K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$69.72
Price spread: +0.037% → −0.022%: $5.93
Slippage, 4 orders: −$81.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$167.17
Costs to cover: 1.034%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 28 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 BingX live order book, 4 min ago	3.71 bp	27.1 bp −$27	106.1 bp −$1,061	399.5 bp −$39.9K	574.6 bp −$287.3K
Sell Bitget live order book, 28 min ago	4.20 bp	27.2 bp −$27	99.3 bp −$993	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	−0.0951%	1h	0.1077	−0.240%	$25K	$2K	10x	as long as short
BloFin MELANIA-USDT	+0.0099%	4h	0.1079	−0.046%	$199K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1078	−0.111%	$1.7M	$187K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1079	−0.046%	$3.0M	$2.9M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1077	−0.222%	$420K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1078	−0.093%	$1.2M	$132K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1077	−0.195%	$383K	$918K	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1080	+0.037%	$953K	$188K	50x
Variational Omni MELANIA	+0.0100%	4h	0.1080	+0.039%	$111K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1080	+0.083%	$247K	—	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-USDTlong	+0.0432%	4h	0.1079	long leg	—	$1.5M	—
Bybit MELANIAUSDT	+0.0605%	4h	0.1081	+0.148%	$1.5M	$624K	20x	as long as short
Aster MELANIAUSDT	+0.0678%	4h	0.1078	−0.074%	$21K	$14K	5x	as long as short