MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.001%

Price spread now: BingX against BloFin−0.073%66s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as 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−$1131.126% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.464%+$46 · spread now −0.073%, 7d avg +0.012%

Together, before fees+0.470%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.085% cheaper against BloFin than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of +0.012%). If the spread goes back, that is −$8 on $10k: about 28 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.005% in total) that is about 4 months. The two prices were read 66 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	BloFin MELANIA-USDT	0.1099	0.0090	pay 0.0045% / 4h	26m 02s	$197K	$6K	75x
Short	BingX MELANIA-USDT	0.1098	0.0100	get 0.0050% / 4h	26m 02s	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $2.14
Price spread: −0.073% → +0.012%: −$8.48
Slippage, 4 orders: −$90.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$118.93
Costs to cover: 1.126%
Break-even: 395.4 days

Slippage from BloFin: live order book, 4 min ago; BingX: live order book, 5 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, 4 min ago	6.82 bp	24.4 bp −$24	82.2 bp −$822	doesn't fit	doesn't fit
Sell BingX live order book, 5 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-USDTlong	+0.0090%	4h	0.1099	long leg	$197K	$6K	75x
Hyperliquid MELANIA	+0.0100%	1h	0.1096	−0.255%	$1.7M	$196K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1098	−0.142%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1098	−0.109%	$1.5M	$778K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1094	−0.464%	$410K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1097	−0.173%	$1.2M	$136K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1097	−0.155%	$946K	$232K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1098	−0.073%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1098	−0.114%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1086	−1.214%	$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	+0.0344%	4h	0.1098	−0.100%	$449K	$1.5M	30x	as long as short
Aster MELANIAUSDT	+0.0681%	4h	0.1096	−0.318%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1748%	1h	0.1097	−0.177%	$25K	$3K	10x	as long as short