Settings8H · net · $10k
Funding arb · Price arb /

MELANIA

all MELANIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0190%/8h= −20.8% APRnext payment $0.95 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin+0.036%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$371as in the Funding arb table
Net, price: spread back to 7d avg − costs−$357as in the Price arb table
costs, in and out, $10k−$3543.543% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.169%−$17 on $10k
Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.036%, 7d avg +0.061%
Together, before fees−0.020%−$2 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 Bitget is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MELANIAUSDTM0.10980.0290pay 0.0145% / 4h1h 33m$447K$1.4M30x
ShortBitget MELANIAUSDT0.10980.0100get 0.0050% / 4h1h 33m$960K$216K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
−$39.9
Price spread: +0.036% → +0.061%
−$2.46
Slippage, 4 orders
−$330.31
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$396.67
Costs to cover
3.543%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago9.11 bp161.1 bp −$161doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 27 min ago8.16 bp34.5 bp −$35155.2 bp −$1,552doesn't fitdoesn't fit

MELANIA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MELANIA+0.0100%1h0.1099+0.055%$1.7M$206K3xas long as short
Binance MELANIAUSDT+0.0100%4h0.1099+0.046%$3.0M$3.2M75xas long as short
Bybit MELANIAUSDT+0.0100%4h0.1100+0.173%$1.5M$736K20xas long as short
Gate MELANIA_USDT+0.0100%4h0.1097−0.055%$421K$67K50xas long as short
MEXC MELANIA_USDT+0.0100%4h0.1099+0.091%$1.2M$136K100xas long as short
Bitget MELANIAUSDTshort+0.0100%4h0.1098+0.036%$960K$216K50x
BingX MELANIA-USDT+0.0100%4h0.1099+0.055%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1098−0.019%$113K$340as long as short
Aevo MELANIA-PERP+0.0104%1h0.1095−0.248%$250K3xas long as short
BloFin MELANIA-USDT+0.0107%4h0.1098+0.036%$200K$6K75xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MELANIAUSDTMlong+0.0290%4h0.1098long leg$447K$1.4M30x
Aster MELANIAUSDT+0.0789%4h0.1095−0.273%$21K$15K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1866%1h0.1099+0.090%$25K$3K10xas long as short