Funding you earn now, next payment 00:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.51 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against BingX−0.102%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$960.957% of the position
Funding, last 7 days−0.065%−$7 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.102%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.085% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MELANIA-USDT | 0.1074 | 0.0436 | pay 0.0218% / 4h | 2h 51m | — | $1.5M | — |
| Short | Bybit MELANIAUSDT | 0.1072 | 0.0335 | get 0.0167% / 4h | 2h 51m | $1.4M | $631K | 20x |
BingX MELANIA-USDT
Bybit MELANIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.25
- Price spread: −0.102% → −0.017%
- −$8.51
- Slippage, 4 orders
- −$74.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$125.42
- Costs to cover
- 0.957%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 5 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, 11 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 Bybit live order book, 5 min ago | 5.57 bp | 24.6 bp −$25 | 131.7 bp −$1,317 | 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 | −0.389% | $24K | $2K | 10x | as long as short |
| Hyperliquid MELANIA | +0.0100% | 1h | 0.1072 | −0.158% | $1.6M | $187K | 3x | as long as short |
| Binance MELANIAUSDT | +0.0100% | 4h | 0.1073 | −0.101% | $3.0M | $2.9M | 75x | as long as short |
| Gate MELANIA_USDT | +0.0100% | 4h | 0.1071 | −0.233% | $418K | $64K | 50x | as long as short |
| MEXC MELANIA_USDT | +0.0100% | 4h | 0.1072 | −0.158% | $1.2M | $133K | 100x | as long as short |
| KuCoin MELANIAUSDTM | +0.0100% | 4h | 0.1071 | −0.242% | $384K | $902K | 30x | as long as short |
| Bitget MELANIAUSDT | +0.0100% | 4h | 0.1072 | −0.130% | $946K | $189K | 50x | as long as short |
| Variational Omni MELANIA | +0.0100% | 4h | 0.1078 | +0.414% | $112K | $1K | — | as long as short |
| Aevo MELANIA-PERP | +0.0104% | 1h | 0.1072 | −0.164% | $245K | — | 3x | as long as short |
| BloFin MELANIA-USDT | +0.0130% | 4h | 0.1073 | −0.047% | $198K | $5K | 75x | as long as short |
Kraken Futures PF_MELANIAUSD
Hyperliquid MELANIA
Binance MELANIAUSDT
Gate MELANIA_USDT
MEXC MELANIA_USDT
KuCoin MELANIAUSDTM
Bitget MELANIAUSDT
Variational Omni MELANIA
Aevo MELANIA-PERP
BloFin MELANIA-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MELANIAUSDTshort | +0.0335% | 4h | 0.1072 | −0.102% | $1.4M | $631K | 20x | |
| BingX MELANIA-USDTlong | +0.0436% | 4h | 0.1074 | long leg | — | $1.5M | — | |
| Aster MELANIAUSDT | +0.0641% | 4h | 0.1071 | −0.218% | $21K | $14K | 5x | as long as short |
Aster MELANIAUSDT