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: Bitget against Gate+0.091%7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1601.599% of the position

Long on Gate 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)+0.211%+$21 · spread now +0.091%, 7d avg +0.153%

Together, before fees+0.213%+$21 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: Bitget is 0.062% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MELANIA_USDT	0.1094	0.0100	pay 0.0050% / 4h	1h 44m	$420K	$66K	50x
Short	Bitget MELANIAUSDT	0.1095	0.0100	get 0.0050% / 4h	1h 44m	$963K	$213K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.153%: −$6.2
Slippage, 4 orders: −$132.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$166.06
Costs to cover: 1.599%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; Bitget: live order book, 16 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, 16 min ago	22.29 bp	38.1 bp −$38	9645.5 bp −$96.5K	doesn't fit	doesn't fit
Sell Bitget live order book, 16 min ago	8.16 bp	34.5 bp −$35	155.2 bp −$1,552	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
BloFin MELANIA-USDT	+0.0080%	4h	0.1098	+0.375%	$200K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1098	+0.366%	$1.7M	$207K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1098	+0.302%	$3.0M	$3.1M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1098	+0.375%	$1.5M	$729K	20x	as long as short
Gate MELANIA_USDTlong	+0.0100%	4h	0.1094	long leg	$420K	$66K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1098	+0.384%	$1.2M	$136K	100x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1095	+0.091%	$963K	$213K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1097	+0.283%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1095	+0.069%	$113K	$340	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1096	+0.165%	$251K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0234%	4h	0.1097	+0.256%	$445K	$1.3M	30x	as long as short
Aster MELANIAUSDT	+0.0735%	4h	0.1095	+0.055%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1870%	1h	0.1097	+0.260%	$25K	$3K	10x	as long as short