Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.009%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1101.099% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.009%, 7d avg +0.012%

Together, before fees+0.178%+$18 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: MEXC is 0.021% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1090	0.0100	pay 0.0050% / 4h	3h 38m	$1.5M	$664K	20x
Short	MEXC MELANIA_USDT	0.1090	0.0100	get 0.0050% / 4h	3h 38m	$1.2M	$136K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.012%: −$2.13
Slippage, 4 orders: −$94.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$112.07
Costs to cover: 1.099%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	7.78 bp	34.5 bp −$34	211.4 bp −$2,114	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	3.66 bp	24.8 bp −$25	56.5 bp −$565	122.0 bp −$12.2K	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
BloFin MELANIA-USDT	+0.0079%	4h	0.1090	−0.046%	$196K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1090	−0.055%	$1.7M	$198K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1090	0.000%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1090	long leg	$1.5M	$664K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1087	−0.330%	$419K	$56K	50x	as long as short
MEXC MELANIA_USDTshort	+0.0100%	4h	0.1090	−0.009%	$1.2M	$136K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1090	−0.018%	$413K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1090	−0.037%	$966K	$208K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1091	+0.083%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.228%	$113K	$590	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1090	−0.018%	$249K	—	3x	as long as short
Aster MELANIAUSDT	+0.0628%	4h	0.1090	−0.055%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0977%	1h	0.1088	−0.208%	$25K	$3K	10x	as long as short