Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Bitget+0.374%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2662.663% of the position

Long on Bitget Short on BingX

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)−0.432%−$43 · spread now +0.374%, 7d avg +0.030%

Together, before fees−0.370%−$37 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: BingX is 0.344% dearer against Bitget than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1097	0.0100	pay 0.0050% / 4h	30m 00s	$946K	$231K	50x
Short	BingX MELANIA-USDT	0.1101	0.0100	get 0.0050% / 4h	30m 00s	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.374%Rate

Funding earned: $0
Price spread: +0.374% → +0.030%: $34.36
Slippage, 4 orders: −$244.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$231.96
Costs to cover: 2.663%
Break-even: never at this rate

Slippage from Bitget: live order book, 26 min ago; BingX: live order book, 1 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, 26 min ago	8.21 bp	100.5 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	5.91 bp	32.6 bp −$33	105.0 bp −$1,050	552.2 bp −$55.2K	793.6 bp −$396.8K

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	+0.0060%	4h	0.1097	+0.018%	$198K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1100	+0.264%	$1.7M	$196K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1099	+0.201%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1101	+0.374%	$1.5M	$776K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1094	−0.274%	$410K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1100	+0.246%	$1.2M	$136K	100x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1097	long leg	$946K	$231K	50x
BingX MELANIA-USDTshort	+0.0100%	4h	0.1101	+0.374%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1099	+0.178%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−1.090%	$248K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0278%	4h	0.1098	+0.109%	$445K	$1.5M	30x	as long as short
Aster MELANIAUSDT	+0.0555%	4h	0.1096	−0.109%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1731%	1h	0.1108	+0.992%	$26K	$3K	10x	as long as short