Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.2699%/8h= +295.5% APRpaid last 24h −0.106%

Price spread now: Kraken Futures against Gate+0.347%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$81 a day on $10k at the current rate, and Kraken Futures is 0.347% dearer against Gate than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MELANIA_USDT	0.1086	0.0100	pay 0.0050% / 4h	3h 56m	$409K	$120K	50x
Short	Kraken Futures PF_MELANIAUSD	0.1090	0.2799	get 0.0350% / 1h	56m 21s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpOrdersPrice spread, now +0.347%Rate

Funding earned: $566.77
Price spread: +0.347% → 0.000%: $34.66
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $576.43
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 39 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 39 min ago	18.91 bp	36.5 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0043%	4h	0.1089	+0.230%	$191K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1087	+0.129%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1088	+0.221%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1088	+0.221%	$1.5M	$853K	20x	as long as short
Gate MELANIA_USDTlong	+0.0100%	4h	0.1086	long leg	$409K	$120K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1089	+0.295%	$1.2M	$138K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1087	+0.092%	$409K	$2.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1087	+0.138%	$933K	$249K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	+0.258%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1088	+0.148%	$112K	$672	—	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	0.1085	−0.092%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0625%	4h	0.1086	+0.018%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.2799%	1h	0.1090	+0.347%	$25K	$3K	10x