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 0.000%

Price spread now: Gate against Bitget−0.064%7-day average −0.155% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1331.329% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.208%−$21 · spread now −0.064%, 7d avg −0.155%

Together, before fees−0.210%−$21 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: Gate is 0.092% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1101	0.0100	pay 0.0050% / 4h	2h 32m	$968K	$215K	50x
Short	Gate MELANIA_USDT	0.1100	0.0100	get 0.0050% / 4h	2h 32m	$422K	$65K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.155%: $9.18
Slippage, 4 orders: −$105.86
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$123.68
Costs to cover: 1.329%
Break-even: never at this rate

Slippage from Bitget: live order book, 33 min ago; Gate: live order book, 33 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, 33 min ago	8.70 bp	44.2 bp −$44	191.8 bp −$1,918	doesn't fit	doesn't fit
Sell Gate live order book, 33 min ago	18.31 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit

MELANIA on 12 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
Hyperliquid MELANIA	+0.0100%	1h	0.1100	−0.064%	$1.7M	$208K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1100	−0.036%	$3.0M	$3.1M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1101	+0.055%	$1.5M	$721K	20x	as long as short
Gate MELANIA_USDTshort	+0.0100%	4h	0.1100	−0.064%	$422K	$65K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1100	−0.045%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1100	−0.064%	$406K	$1.2M	30x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1101	long leg	$968K	$215K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1101	+0.027%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1105	+0.357%	$114K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1093	−0.736%	$250K	—	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MELANIAUSDT	+0.0738%	4h	0.1103	+0.166%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1497%	1h	0.1100	−0.030%	$25K	$3K	10x	as long as short