Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

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: Binance against Gate+0.122%7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1191.187% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.194%+$19 · spread now +0.122%, 7d avg +0.168%

Together, before fees+0.261%+$26 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: Binance is 0.046% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MELANIA_USDT	0.1069	0.0100	pay 0.0050% / 4h	2h 38m	$417K	$64K	50x
Short	Binance MELANIAUSDT	0.1070	0.0100	get 0.0050% / 4h	2h 38m	$2.9M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → +0.168%: −$4.59
Slippage, 4 orders: −$93.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$123.27
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from Gate: live order book, 46 min ago; Binance: live order book, 12 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 Gate live order book, 46 min ago	11.69 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	3.72 bp	30.9 bp −$31	97.2 bp −$972	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	−0.0958%	1h	0.1069	−0.032%	$24K	$2K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1070	+0.094%	$1.6M	$186K	3x	as long as short
Binance MELANIAUSDTshort	+0.0100%	4h	0.1070	+0.122%	$2.9M	$2.9M	75x
Gate MELANIA_USDTlong	+0.0100%	4h	0.1069	long leg	$417K	$64K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1071	+0.140%	$1.2M	$134K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1068	−0.103%	$381K	$869K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1071	+0.150%	$939K	$192K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1071	+0.216%	$111K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1070	+0.084%	$245K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0122%	4h	0.1070	+0.084%	$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 MELANIAUSDT	+0.0213%	4h	0.1070	+0.122%	$1.4M	$631K	20x	as long as short
BingX MELANIA-USDT	+0.0234%	4h	0.1070	+0.094%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0625%	4h	0.1070	+0.103%	$21K	$14K	5x	as long as short