Settings8H · net · $10k
Funding arb · Price arb /

MELANIA

all MELANIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.018%7-day average −0.181% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1421.416% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.317%−$32 · spread now +0.018%, 7d avg −0.181%
Together, before fees−0.317%−$32 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: Gate is 0.199% dearer against Bybit than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.181%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MELANIAUSDT0.10880.0100pay 0.0050% / 4h28m 13s$1.5M$682K20x
ShortGate MELANIA_USDT0.10880.0100get 0.0050% / 4h28m 13s$422K$62K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: +0.018% → −0.181%
$19.93
Slippage, 4 orders
−$115.62
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$121.69
Costs to cover
1.416%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago1.84 bp35.2 bp −$35221.5 bp −$2,215doesn't fitdoesn't fit
Sell Gate live order book, 47 min ago20.35 bp39.0 bp −$39doesn't fitdoesn't fitdoesn't fit

MELANIA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MELANIA+0.0100%1h0.1085−0.294%$1.7M$202K3xas long as short
Binance MELANIAUSDT+0.0100%4h0.1086−0.197%$3.0M$3.0M75xas long as short
Bybit MELANIAUSDTlong+0.0100%4h0.1088long leg$1.5M$682K20x
Gate MELANIA_USDTshort+0.0100%4h0.1088+0.018%$422K$62K50x
MEXC MELANIA_USDT+0.0100%4h0.1086−0.175%$1.2M$137K100xas long as short
KuCoin MELANIAUSDTM+0.0100%4h0.1087−0.101%$404K$998K30xas long as short
Bitget MELANIAUSDT+0.0100%4h0.1088+0.028%$964K$216K50xas long as short
BingX MELANIA-USDT+0.0100%4h0.1086−0.175%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1087−0.117%$113K$590as long as short
Aevo MELANIA-PERP+0.0104%1h0.1084−0.332%$248K3xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MELANIA-USDT+0.0115%4h0.1086−0.165%$196K$6K75xas long as short
Aster MELANIAUSDT+0.0569%4h0.1088−0.011%$21K$16K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1986%1h0.1086−0.232%$25K$3K10xas long as short