Settings8H · net · $10k
Funding arb · Price arb /

MELANIA

all MELANIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.018%
Price spread now: KuCoin against Gate+0.018%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$365as in the Price arb table
costs, in and out, $10k−$3573.571% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.018%, 7d avg +0.093%
Together, before fees+0.226%+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.075% cheaper against Gate than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.093%). If the spread goes back, that is −$7 on $10k: about 8.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.170% in total) that is about 3.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MELANIA_USDT0.10950.0100pay 0.0050% / 4h3h 00m$412K$101K50x
ShortKuCoin MELANIAUSDTM0.10950.0128get 0.0064% / 4h3h 00m$437K$1.7M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$5.88
Price spread: +0.018% → +0.093%
−$7.47
Slippage, 4 orders
−$330.07
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$358.66
Costs to cover
3.571%
Break-even
434.0 days
Slippage from Gate: live order book, 50 min ago; KuCoin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 50 min ago14.97 bp44.6 bp −$459435.9 bp −$94.4Kdoesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago9.12 bp171.9 bp −$172doesn't fitdoesn't fitdoesn't fit

MELANIA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MELANIA+0.0100%1h0.1097+0.174%$1.7M$211K3xas long as short
Binance MELANIAUSDT+0.0100%4h0.1098+0.314%$3.0M$3.3M75xas long as short
Bybit MELANIAUSDT+0.0100%4h0.1098+0.247%$1.5M$816K20xas long as short
Gate MELANIA_USDTlong+0.0100%4h0.1095long leg$412K$101K50x
MEXC MELANIA_USDT+0.0100%4h0.1098+0.301%$1.2M$139K100xas long as short
Bitget MELANIAUSDT+0.0100%4h0.1098+0.265%$944K$242K50xas long as short
BingX MELANIA-USDT+0.0100%4h0.1098+0.311%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1099+0.398%$113K$672as long as short
BloFin MELANIA-USDT+0.0100%4h0.1099+0.356%$197K$6K75xas long as short
Aevo MELANIA-PERP+0.0104%1h0.1095+0.018%$250K3xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MELANIAUSDTMshort+0.0128%4h0.1095+0.018%$437K$1.7M30x
Aster MELANIAUSDT+0.0599%4h0.1096+0.141%$21K$15K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1712%1h0.1098+0.252%$25K$3K10xas long as short