Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.055%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1311.309% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.055%, 7d avg 0.000%

Together, before fees+0.101%+$10 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: Bitget is 0.054% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MELANIA_USDT	0.1094	0.0100	pay 0.0050% / 4h	54m 38s	$1.2M	$135K	100x
Short	Bitget MELANIAUSDT	0.1093	0.0100	get 0.0050% / 4h	54m 38s	$968K	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → 0.000%: −$5.44
Slippage, 4 orders: −$114.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$136.37
Costs to cover: 1.309%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 min ago; Bitget: live order book, 21 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, 7 min ago	1.38 bp	26.9 bp −$27	57.1 bp −$571	117.8 bp −$11.8K	doesn't fit
Sell Bitget live order book, 21 min ago	8.77 bp	34.9 bp −$35	114.4 bp −$1,144	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	0.1092	−0.146%	$1.7M	$201K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1093	−0.009%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1094	+0.073%	$1.5M	$675K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1092	−0.174%	$423K	$62K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1094	long leg	$1.2M	$135K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1093	−0.046%	$397K	$941K	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1093	−0.055%	$968K	$216K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1093	−0.018%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1088	−0.503%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1088	−0.494%	$249K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0114%	4h	0.1088	−0.540%	$195K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0682%	4h	0.1091	−0.238%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1979%	1h	0.1090	−0.339%	$25K	$3K	10x	as long as short