Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Bitget+0.185%52s7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,771as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1,77317.728% of the position

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.446%−$45 · spread now +0.185%, 7d avg −0.056%

Together, before fees−0.428%−$43 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: Aevo is 0.241% dearer against Bitget than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.056%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1083	0.0100	pay 0.0050% / 4h	2h 39m	$930K	$251K	50x
Short	Aevo MELANIA-PERP	0.1085	0.0104	get 0.0013% / 1h	39m 36s	$248K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now +0.185%Rate

Funding earned: $0.84
Price spread: +0.185% → −0.056%: $24.05
Slippage, 4 orders: −$1,744.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,747.94
Costs to cover: 17.728%
Break-even: 14573.2 days

Slippage from Bitget: live order book, 6 min ago; Aevo: live order book, 45 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 Bitget live order book, 6 min ago	9.58 bp	44.3 bp −$44	153.7 bp −$1,537	doesn't fit	doesn't fit
Sell Aevo live order book, 45 min ago	818.18 bp	836.7 bp −$837	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
BloFin MELANIA-USDT	+0.0085%	4h	0.1086	+0.323%	$195K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1083	−0.018%	$1.7M	$215K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1082	−0.074%	$3.0M	$3.3M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1083	+0.018%	$1.5M	$821K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1081	−0.166%	$404K	$104K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1084	+0.055%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1082	−0.092%	$429K	$1.8M	30x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1083	long leg	$930K	$251K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1084	+0.055%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.354%	$113K	$672	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1085	+0.185%	$248K	—	3x
Aster MELANIAUSDT	+0.0493%	4h	0.1082	−0.057%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1823%	1h	0.1085	+0.208%	$25K	$3K	10x	as long as short