Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against MEXC−0.426%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,762as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,793as in the Price arb table

costs, in and out, $10k−$1,75717.574% of the position

Long on MEXC Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.175%+$17 · spread now −0.426%, 7d avg −0.072%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.354% cheaper against MEXC than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MELANIA_USDT	0.1080	0.0100	pay 0.0050% / 4h	2h 36m	$1.2M	$137K	100x
Short	Aevo MELANIA-PERP	0.1075	0.0104	get 0.0013% / 1h	36m 15s	$246K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.426%Rate

Funding earned: $0.84
Price spread: −0.426% → −0.072%: −$35.44
Slippage, 4 orders: −$1,737.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,792.04
Costs to cover: 17.574%
Break-even: 14940.6 days

Slippage from MEXC: live order book, 5 min ago; Aevo: live order book, 48 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 MEXC live order book, 5 min ago	4.61 bp	34.2 bp −$34	55.9 bp −$559	112.6 bp −$11.3K	doesn't fit
Sell Aevo live order book, 48 min ago	818.18 bp	836.7 bp −$837	doesn't fit	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	0.1078	−0.148%	$1.6M	$221K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1080	+0.003%	$3.0M	$3.3M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1079	−0.028%	$1.5M	$832K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1076	−0.333%	$393K	$113K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1080	long leg	$1.2M	$137K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1077	−0.241%	$406K	$1.8M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1076	−0.324%	$924K	$253K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1080	+0.009%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.670%	$113K	$672	—	as long as short
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1075	−0.426%	$246K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0157%	4h	0.1077	−0.278%	$196K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0478%	4h	0.1077	−0.244%	$20K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1833%	1h	0.1080	+0.010%	$25K	$3K	10x	as long as short