MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.92 per $10,000 · paid last 24h −0.016%

Price spread now: BingX against KuCoin+0.018%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$337as in the Funding arb table

Net, price: spread back to 7d avg − costs−$331as in the Price arb table

costs, in and out, $10k−$3263.262% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.018%, 7d avg +0.062%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MELANIAUSDTM	0.1100	0.0284	pay 0.0142% / 4h	3h 29m	$441K	$1.7M	30x
Short	BingX MELANIA-USDT	0.1100	0.0100	get 0.0050% / 4h	3h 29m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$38.64
Price spread: +0.018% → +0.062%: −$4.39
Slippage, 4 orders: −$304.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$369.25
Costs to cover: 3.262%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 2 min ago.

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 KuCoin live order book, 1 min ago	9.09 bp	123.6 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	6.36 bp	25.1 bp −$25	87.4 bp −$874	530.1 bp −$53.0K	742.8 bp −$371.4K

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	+0.0084%	4h	0.1099	−0.064%	$196K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1099	−0.064%	$1.7M	$211K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1100	−0.027%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1100	−0.018%	$1.5M	$809K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1098	−0.209%	$413K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1100	+0.027%	$1.2M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1100	+0.027%	$947K	$241K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1100	+0.018%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1103	+0.228%	$114K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1100	0.000%	$252K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTMlong	+0.0284%	4h	0.1100	long leg	$441K	$1.7M	30x
Aster MELANIAUSDT	+0.0694%	4h	0.1100	+0.010%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1709%	1h	0.1100	−0.010%	$25K	$3K	10x	as long as short