MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0505%/8h= +55.3% APRnext payment +$2.53 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.223%7-day average +0.179% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

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

costs, in and out, $10k−$1171.167% of the position

Long on Gate Short on Bybit

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)+0.303%+$30 · spread now +0.223%, 7d avg +0.179%

Together, before fees+0.303%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bybit is 0.044% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.179%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MELANIA_USDT	0.1076	0.0100	pay 0.0050% / 4h	2h 57m	$420K	$64K	50x
Short	Bybit MELANIAUSDT	0.1079	0.0605	get 0.0303% / 4h	2h 57m	$1.5M	$623K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.223%Rate

Funding earned: $106.1
Price spread: +0.223% → +0.179%: $4.44
Slippage, 4 orders: −$90.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.15
Costs to cover: 1.167%
Break-even: 7.4 days

Slippage from Gate: live order book, 28 min ago; Bybit: live order book, 4 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, 28 min ago	11.69 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.17 bp	27.5 bp −$28	135.6 bp −$1,356	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	−0.0953%	1h	0.1075	−0.138%	$25K	$2K	10x	as long as short
BloFin MELANIA-USDT	+0.0066%	4h	0.1079	+0.223%	$139K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1076	−0.009%	$1.6M	$187K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1078	+0.167%	$3.0M	$2.9M	75x	as long as short
Gate MELANIA_USDTlong	+0.0100%	4h	0.1076	long leg	$420K	$64K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1078	+0.149%	$1.2M	$132K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1077	+0.046%	$384K	$918K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1079	+0.223%	$952K	$188K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1080	+0.280%	$111K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1080	+0.307%	$247K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MELANIA-USDT	+0.0432%	4h	0.1077	+0.093%	—	$1.5M	—	as long as short
Bybit MELANIAUSDTshort	+0.0605%	4h	0.1079	+0.223%	$1.5M	$623K	20x
Aster MELANIAUSDT	+0.0678%	4h	0.1078	+0.167%	$21K	$14K	5x	as long as short