Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget−0.077%7-day average +0.008% · 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−$117as in the Price arb table

costs, in and out, $10k−$1091.086% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)+0.261%+$26 · spread now −0.077%, 7d avg +0.008%

Together, before fees+0.326%+$33 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: Binance is 0.085% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1078	0.0100	pay 0.0050% / 4h	2h 55m	$951K	$188K	50x
Short	Binance MELANIAUSDT	0.1077	0.0100	get 0.0050% / 4h	2h 55m	$3.0M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → +0.008%: −$8.5
Slippage, 4 orders: −$86.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$117.14
Costs to cover: 1.086%
Break-even: never at this rate

Slippage from Bitget: live order book, 29 min ago; Binance: live order book, 10 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, 29 min ago	4.20 bp	31.4 bp −$31	138.3 bp −$1,383	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.79 bp	24.3 bp −$24	96.1 bp −$961	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	−0.0952%	1h	0.1075	−0.236%	$25K	$2K	10x	as long as short
BloFin MELANIA-USDT	+0.0066%	4h	0.1079	+0.102%	$139K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1076	−0.148%	$1.7M	$189K	3x	as long as short
Binance MELANIAUSDTshort	+0.0100%	4h	0.1077	−0.077%	$3.0M	$2.9M	75x
Gate MELANIA_USDT	+0.0100%	4h	0.1076	−0.121%	$420K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1077	−0.111%	$1.2M	$132K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1077	−0.074%	$385K	$915K	30x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1078	long leg	$951K	$188K	50x
Variational Omni MELANIA	+0.0100%	4h	0.1080	+0.159%	$111K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1076	−0.151%	$246K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MELANIAUSDT	+0.0555%	4h	0.1078	+0.046%	$1.5M	$620K	20x	as long as short
BingX MELANIA-USDT	+0.0626%	4h	0.1077	−0.056%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0682%	4h	0.1078	+0.046%	$21K	$14K	5x	as long as short