Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1881%/8h= +206.0% APRpaid last 24h −0.415%

Price spread now: Kraken Futures against BingX−0.037%7-day average — · you buy dearer than you sell

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

Long on BingX 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

Funding pays, the price is against you. Kraken Futures is 0.037% cheaper against BingX than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$56 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MELANIA-USDT	0.1089	0.0100	pay 0.0050% / 4h	48m 40s	—	$1.5M	—
Short	Kraken Futures PF_MELANIAUSD	0.1089	0.1981	get 0.0248% / 1h	48m 40s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.037%Rate

Funding earned: $394.98
Price spread: −0.037% → 0.000%: −$3.71
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $371.28
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	5.05 bp	32.2 bp −$32	143.4 bp −$1,434	530.6 bp −$53.1K	711.8 bp −$355.9K
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
BloFin MELANIA-USDT	+0.0098%	4h	0.1088	−0.092%	$195K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1088	−0.119%	$1.7M	$202K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1088	−0.064%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	+0.037%	$1.5M	$675K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1088	−0.064%	$422K	$62K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1089	−0.046%	$1.2M	$135K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1088	−0.092%	$404K	$955K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1089	−0.018%	$965K	$216K	50x	as long as short
BingX MELANIA-USDTlong	+0.0100%	4h	0.1089	long leg	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1090	+0.066%	$113K	$590	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1090	+0.092%	$249K	—	3x	as long as short
Aster MELANIAUSDT	+0.0709%	4h	0.1089	−0.006%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.1981%	1h	0.1089	−0.037%	$25K	$3K	10x