MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0261%/8h= −28.6% APRnext payment −$1.30 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit−0.177%7-day average −0.021% · 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−$128as in the Price arb table

costs, in and out, $10k−$1121.121% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.177%, 7d avg −0.021%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.156% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1074	0.0361	pay 0.0180% / 4h	2h 48m	$1.4M	$630K	20x
Short	Bitget MELANIAUSDT	0.1072	0.0100	get 0.0050% / 4h	2h 48m	$945K	$189K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.177%Rate

Funding earned: −$54.81
Price spread: −0.177% → −0.021%: −$15.58
Slippage, 4 orders: −$89.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$182.49
Costs to cover: 1.121%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 37 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, 2 min ago	6.97 bp	24.2 bp −$24	140.9 bp −$1,409	doesn't fit	doesn't fit
Sell Bitget live order book, 37 min ago	4.20 bp	27.2 bp −$27	99.3 bp −$993	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
Kraken Futures PF_MELANIAUSD	−0.0957%	1h	0.1070	−0.380%	$24K	$2K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1072	−0.196%	$1.6M	$187K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1072	−0.140%	$3.0M	$2.9M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1072	−0.149%	$418K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1073	−0.112%	$1.2M	$133K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1072	−0.177%	$381K	$897K	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1072	−0.177%	$945K	$189K	50x
Variational Omni MELANIA	+0.0100%	4h	0.1072	−0.158%	$111K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1072	−0.188%	$245K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0105%	4h	0.1074	−0.037%	$198K	$5K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MELANIAUSDTlong	+0.0361%	4h	0.1074	long leg	$1.4M	$630K	20x
BingX MELANIA-USDT	+0.0436%	4h	0.1072	−0.140%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0636%	4h	0.1072	−0.168%	$21K	$14K	5x	as long as short