MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.22 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against BloFin−0.119%72s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as 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−$1381.381% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.119%, 7d avg +0.005%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.124% cheaper against BloFin than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.005%). If the spread goes back, that is −$12 on $10k: about 9.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour. The two prices were read 72 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	0.1090	0.0056	pay 0.0028% / 4h	41m 54s	$191K	$5K	75x
Short	Bybit MELANIAUSDT	0.1089	0.0100	get 0.0050% / 4h	41m 54s	$1.5M	$852K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.119%Rate

Funding earned: $9.25
Price spread: −0.119% → +0.005%: −$12.38
Slippage, 4 orders: −$115.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$141.27
Costs to cover: 1.381%
Break-even: 114.0 days

Slippage from BloFin: live order book, 28 min ago; Bybit: live order book, 4 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, 28 min ago	4.12 bp	19.8 bp −$20	63.6 bp −$636	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	9.17 bp	48.2 bp −$48	212.8 bp −$2,128	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
BloFin MELANIA-USDTlong	+0.0056%	4h	0.1090	long leg	$191K	$5K	75x
Hyperliquid MELANIA	+0.0100%	1h	0.1088	−0.257%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1089	−0.150%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1089	−0.119%	$1.5M	$852K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1087	−0.293%	$409K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1088	−0.193%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1087	−0.321%	$406K	$2.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1090	−0.083%	$935K	$246K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	−0.156%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1089	−0.107%	$113K	$672	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1089	−0.157%	$249K	—	3x	as long as short
Aster MELANIAUSDT	+0.0921%	4h	0.1089	−0.162%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1009%	1h	0.1088	−0.185%	$25K	$3K	10x	as long as short