MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0312%/8h= −34.2% APRnext payment −$1.56 per $10,000 · paid last 24h −0.018%

Price spread now: Bybit against KuCoin+0.658%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$394as in the Funding arb table

Net, price: spread back to 7d avg − costs−$316as in the Price arb table

costs, in and out, $10k−$3773.772% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 7 days−0.617%−$62 · spread now +0.658%, 7d avg +0.048%

Together, before fees−0.787%−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.609% dearer against KuCoin than usual: you sell high and buy low (spread +0.658% now, against its 7-day average of +0.048%): +$61 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 7 days (−0.170% in total) that is about 25 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.56 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	0.1095	0.0412	pay 0.0206% / 4h	3h 53m	$441K	$1.6M	30x
Short	Bybit MELANIAUSDT	0.1102	0.0100	get 0.0050% / 4h	3h 53m	$1.5M	$808K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.658%Rate

Funding earned: −$65.52
Price spread: +0.658% → +0.048%: $60.93
Slippage, 4 orders: −$354.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$381.75
Costs to cover: 3.772%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	13.69 bp	149.4 bp −$149	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.93 bp	50.8 bp −$51	228.5 bp −$2,285	doesn't fit	doesn't fit

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	0.1095	+0.009%	$1.7M	$197K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1097	+0.193%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1102	+0.658%	$1.5M	$808K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1092	−0.292%	$409K	$100K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1096	+0.073%	$1.2M	$135K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1096	+0.128%	$945K	$234K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1098	+0.292%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1096	+0.106%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1094	−0.086%	$250K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0145%	4h	0.1095	+0.018%	$196K	$6K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTMlong	+0.0412%	4h	0.1095	long leg	$441K	$1.6M	30x
Aster MELANIAUSDT	+0.0737%	4h	0.1095	−0.045%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1712%	1h	0.1098	+0.234%	$25K	$3K	10x	as long as short