Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.2718%/8h= +297.7% APRpaid last 24h −0.080%

Price spread now: Kraken Futures against MEXC+0.126%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and Kraken Futures is 0.126% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MELANIA_USDT	0.1081	0.0100	pay 0.0050% / 4h	3h 32m	$1.2M	$140K	100x
Short	Kraken Futures PF_MELANIAUSD	0.1082	0.2818	get 0.0352% / 1h	32m 12s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.126%Rate

Funding earned: $570.85
Price spread: +0.126% → 0.000%: $12.58
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $569.42
Costs to cover: 0.140%
Break-even: 0.0 days

Slippage unknown: MEXC: live order book, 4 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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	5.99 bp	16.9 bp −$17	56.5 bp −$565	125.2 bp −$12.5K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.065%	$1.6M	$219K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1080	−0.061%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1080	−0.056%	$1.5M	$857K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1081	−0.028%	$413K	$124K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1081	long leg	$1.2M	$140K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1079	−0.176%	$407K	$2.2M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1080	−0.093%	$927K	$249K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1081	−0.028%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.534%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1080	−0.083%	$247K	—	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	0.1085	+0.342%	$189K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0530%	4h	0.1081	+0.056%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.2818%	1h	0.1082	+0.126%	$25K	$3K	10x