Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC+0.019%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1371.372% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.125%−$12 · spread now +0.019%, 7d avg −0.009%

Together, before fees−0.188%−$19 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: Bybit is 0.028% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.009%.

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 17m	$1.2M	$139K	100x
Short	Bybit MELANIAUSDT	0.1081	0.0100	get 0.0050% / 4h	2h 17m	$1.5M	$845K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.009%: $2.8
Slippage, 4 orders: −$122.18
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$134.38
Costs to cover: 1.372%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	3.23 bp	18.3 bp −$18	53.3 bp −$533	117.0 bp −$11.7K	doesn't fit
Sell Bybit live order book, 4 min ago	4.16 bp	44.7 bp −$45	192.3 bp −$1,923	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	0.1080	−0.037%	$1.6M	$221K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1081	+0.065%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1081	+0.019%	$1.5M	$845K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1078	−0.222%	$393K	$114K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1080	long leg	$1.2M	$139K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1080	−0.046%	$409K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1081	+0.028%	$927K	$251K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1081	+0.074%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1082	+0.149%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1084	+0.313%	$248K	—	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	+0.0159%	4h	0.1084	+0.342%	$191K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0619%	4h	0.1081	+0.093%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1828%	1h	0.1082	+0.156%	$25K	$3K	10x	as long as short