Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0875%/8h= −95.8% APRpaid last 24h +0.366%

Price spread now: BingX against Kraken Futures+0.206%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on BingX

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

The price spread pays, funding is against you. BingX is 0.206% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.206% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MELANIAUSD	0.1090	0.0975	pay 0.0122% / 1h	37m 41s	$25K	$3K	10x
Short	BingX MELANIA-USDT	0.1093	0.0100	get 0.0050% / 4h	3h 37m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$183.73
Price spread: +0.206% → 0.000%: $20.62
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$183.11
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 4 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	6.41 bp	33.6 bp −$34	104.9 bp −$1,049	565.0 bp −$56.5K	807.5 bp −$403.8K

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	+0.0079%	4h	0.1090	−0.069%	$196K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1090	−0.005%	$1.7M	$198K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1091	+0.058%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1090	−0.023%	$1.5M	$664K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1086	−0.362%	$419K	$56K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1091	+0.059%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1089	−0.133%	$413K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1091	+0.059%	$967K	$200K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1093	+0.206%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.204%	$113K	$590	—	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	0.1090	−0.041%	$249K	—	3x	as long as short
Aster MELANIAUSDT	+0.0629%	4h	0.1090	−0.078%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSDlong	+0.0975%	1h	0.1090	long leg	$25K	$3K	10x