Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Bybit+0.074%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1521.525% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days+0.049%+$5 · spread now +0.074%, 7d avg +0.015%

Together, before fees+0.114%+$11 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: BingX is 0.059% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1088	0.0100	pay 0.0050% / 4h	3h 22m	$1.5M	$857K	20x
Short	BingX MELANIA-USDT	0.1089	0.0100	get 0.0050% / 4h	3h 22m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.015%: $5.86
Slippage, 4 orders: −$131.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$146.63
Costs to cover: 1.525%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 9 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 Bybit live order book, 4 min ago	4.61 bp	56.0 bp −$56	438.0 bp −$4,380	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	6.48 bp	30.3 bp −$30	98.6 bp −$986	517.9 bp −$51.8K	766.3 bp −$383.1K

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	0.1088	+0.009%	$1.7M	$216K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1088	+0.018%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1088	long leg	$1.5M	$857K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1083	−0.450%	$414K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1088	0.000%	$1.2M	$140K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1085	−0.276%	$408K	$2.2M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1089	+0.110%	$936K	$255K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1089	+0.074%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1083	−0.419%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.276%	$248K	—	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-USDT	+0.0109%	4h	0.1087	−0.055%	$190K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0532%	4h	0.1086	−0.175%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.2801%	1h	0.1089	+0.081%	$25K	$3K	10x	as long as short