MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against BloFin−0.213%93s7-day average −0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as 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−$1391.388% of the position

Long on BloFin Short on Gate

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)+0.184%+$18 · spread now −0.213%, 7d avg −0.172%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.041% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.172%). Swap the legs. The two prices were read 93 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	0.1080	0.0114	pay 0.0057% / 4h	2h 19m	$190K	$5K	75x
Short	Gate MELANIA_USDT	0.1078	0.0100	get 0.0050% / 4h	2h 19m	$394K	$114K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.213%Rate

Funding earned: −$2.9
Price spread: −0.213% → −0.172%: −$4.12
Slippage, 4 orders: −$111.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$145.84
Costs to cover: 1.388%
Break-even: never at this rate

Slippage from BloFin: live order book, 61 min ago; Gate: live order book, 26 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, 61 min ago	2.27 bp	23.9 bp −$24	68.7 bp −$687	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	24.71 bp	51.4 bp −$51	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	0.1083	+0.241%	$1.7M	$221K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1083	+0.287%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1084	+0.315%	$1.5M	$844K	20x	as long as short
Gate MELANIA_USDTshort	+0.0100%	4h	0.1078	−0.213%	$394K	$114K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1083	+0.287%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1079	−0.111%	$408K	$1.8M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1078	−0.231%	$925K	$250K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1084	+0.352%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1082	+0.177%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1081	+0.068%	$247K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDTlong	+0.0114%	4h	0.1080	long leg	$190K	$5K	75x
Aster MELANIAUSDT	+0.0534%	4h	0.1080	+0.023%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1828%	1h	0.1082	+0.176%	$25K	$3K	10x	as long as short