Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.004%

Price spread now: Aevo against BloFin−0.572%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,732as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,777as in the Price arb table

costs, in and out, $10k−$1,72817.278% of the position

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.478%+$48 · spread now −0.572%, 7d avg −0.079%

Together, before fees+0.437%+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.493% cheaper against BloFin than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MELANIA-USDT	0.1091	0.0150	pay 0.0075% / 4h	1h 06m	$190K	$5K	75x
Short	Aevo MELANIA-PERP	0.1085	0.0104	get 0.0013% / 1h	6m 48s	$248K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.572%Rate

Funding earned: −$9.64
Price spread: −0.572% → −0.079%: −$49.32
Slippage, 4 orders: −$1,699.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,786.77
Costs to cover: 17.278%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Aevo: live order book, 7 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 BloFin live order book, 3 min ago	4.12 bp	19.8 bp −$20	63.6 bp −$636	doesn't fit	doesn't fit
Sell Aevo live order book, 7 min ago	776.26 bp	849.0 bp −$849	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
Hyperliquid MELANIA	+0.0100%	1h	0.1091	−0.009%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1092	+0.062%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1092	+0.128%	$1.5M	$850K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1090	−0.147%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1092	+0.064%	$1.2M	$141K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1090	−0.101%	$411K	$2.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1092	+0.119%	$938K	$241K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1092	+0.101%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1091	−0.051%	$113K	$672	—	as long as short
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1085	−0.572%	$248K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDTlong	+0.0150%	4h	0.1091	long leg	$190K	$5K	75x
Aster MELANIAUSDT	+0.1017%	4h	0.1091	−0.018%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1433%	1h	0.1093	+0.153%	$25K	$3K	10x	as long as short