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

MELANIA

all MELANIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.118%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$330as in the Price arb table
costs, in and out, $10k−$3233.228% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.172%+$17 on $10k
Price spread, last 7 days+0.112%+$11 · spread now −0.118%, 7d avg −0.047%
Together, before fees+0.283%+$28 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: KuCoin is 0.071% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MELANIAUSDT0.11020.0100pay 0.0050% / 4h1h 59m$1.5M$717K20x
ShortKuCoin MELANIAUSDTM0.11010.0104get 0.0052% / 4h1h 59m$432K$1.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0.84
Price spread: −0.118% → −0.047%
−$7.07
Slippage, 4 orders
−$299.83
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$329.06
Costs to cover
3.228%
Break-even
2749.2 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago5.89 bp41.4 bp −$41180.2 bp −$1,802doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago9.09 bp96.9 bp −$97doesn't fitdoesn't fitdoesn't fit

MELANIA on 12 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%1h0.1101−0.109%$1.7M$205K3xas long as short
Binance MELANIAUSDT+0.0100%4h0.1101−0.127%$3.0M$3.1M75xas long as short
Bybit MELANIAUSDTlong+0.0100%4h0.1102long leg$1.5M$717K20x
Gate MELANIA_USDT+0.0100%4h0.1099−0.327%$422K$66K50xas long as short
MEXC MELANIA_USDT+0.0100%4h0.1101−0.100%$1.2M$135K100xas long as short
Bitget MELANIAUSDT+0.0100%4h0.1099−0.345%$966K$213K50xas long as short
BingX MELANIA-USDT+0.0100%4h0.1101−0.100%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1102−0.031%$114K$340as long as short
KuCoin MELANIAUSDTMshort+0.0104%4h0.1101−0.118%$432K$1.3M30x
Aevo MELANIA-PERP+0.0104%1h0.1100−0.209%$252K3xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MELANIAUSDT+0.0665%4h0.1100−0.181%$21K$15K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1851%1h0.1108+0.502%$26K$3K10xas long as short