Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2702%/8h= −295.9% APRpaid last 24h +0.098%

Price spread now: KuCoin against Kraken Futures−0.222%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 KuCoin

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 −$81 a day on $10k at the current rate, and KuCoin is 0.222% cheaper against Kraken Futures than usual: you would sell low and buy high (−$22 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	0.1088	0.2802	pay 0.0350% / 1h	41m 40s	$25K	$3K	10x
Short	KuCoin MELANIAUSDTM	0.1086	0.0100	get 0.0050% / 4h	3h 41m	$409K	$2.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.222%Rate

Funding earned: −$567.5
Price spread: −0.222% → 0.000%: −$22.22
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$611.72
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	9.20 bp	135.2 bp −$135	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	+0.0058%	4h	0.1088	−0.048%	$189K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1085	−0.286%	$1.7M	$222K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1086	−0.185%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1087	−0.139%	$1.5M	$856K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1086	−0.250%	$415K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1086	−0.176%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTMshort	+0.0100%	4h	0.1086	−0.222%	$409K	$2.1M	30x
Bitget MELANIAUSDT	+0.0100%	4h	0.1087	−0.094%	$933K	$249K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1087	−0.149%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1089	+0.042%	$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	0.1084	−0.415%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0583%	4h	0.1086	−0.204%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSDlong	+0.2802%	1h	0.1088	long leg	$25K	$3K	10x