Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0851%/8h= −93.2% APRpaid last 24h +0.416%

Price spread now: BloFin against Kraken Futures+0.046%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 BloFin

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. BloFin is 0.046% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 4 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	54m 38s	$25K	$3K	10x
Short	BloFin MELANIA-USDT	0.1090	0.0125	get 0.0062% / 4h	3h 54m	$195K	$6K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$178.66
Price spread: +0.046% → 0.000%: $4.63
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$196.03
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 10 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 BloFin live order book, 10 min ago	1.37 bp	30.3 bp −$30	87.6 bp −$876	doesn't fit	doesn't fit

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
Hyperliquid MELANIA	+0.0100%	1h	0.1089	−0.082%	$1.7M	$199K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1090	+0.037%	$3.0M	$3.1M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1090	+0.037%	$1.5M	$677K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1091	+0.074%	$423K	$54K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1090	+0.028%	$1.2M	$135K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1091	+0.092%	$409K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1090	−0.045%	$965K	$215K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1092	+0.207%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1048	−3.834%	$240K	—	3x	as long as short
BloFin MELANIA-USDTshort	+0.0125%	4h	0.1090	+0.046%	$195K	$6K	75x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MELANIA-USDT	+0.0368%	4h	0.1091	+0.138%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0667%	4h	0.1091	+0.083%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSDlong	+0.0975%	1h	0.1090	long leg	$25K	$3K	10x