Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1730%/8h= −189.4% APRpaid last 24h +0.179%

Price spread now: Gate against Kraken Futures−0.312%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Gate

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 against this trade now: funding costs −$52 a day on $10k at the current rate, and Gate is 0.312% cheaper against Kraken Futures than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MELANIAUSD	0.1081	0.1830	pay 0.0229% / 1h	16m 20s	$25K	$3K	10x
Short	Gate MELANIA_USDT	0.1078	0.0100	get 0.0050% / 4h	2h 16m	$393K	$114K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.312%Rate

Funding earned: −$363.31
Price spread: −0.312% → 0.000%: −$31.22
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$419.53
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 29 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 Gate live order book, 29 min ago	24.71 bp	51.4 bp −$51	doesn't fit	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
BloFin MELANIA-USDT	+0.0066%	4h	0.1080	−0.072%	$189K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1080	−0.100%	$1.6M	$221K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1081	−0.026%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1081	−0.053%	$1.5M	$845K	20x	as long as short
Gate MELANIA_USDTshort	+0.0100%	4h	0.1078	−0.312%	$393K	$114K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1081	−0.035%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1079	−0.201%	$408K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1081	−0.035%	$927K	$251K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1081	+0.011%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1082	+0.086%	$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	+0.354%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0645%	4h	0.1081	+0.030%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSDlong	+0.1830%	1h	0.1081	long leg	$25K	$3K	10x