Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Aevo−0.073%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,765as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,776as in the Price arb table

costs, in and out, $10k−$1,76317.632% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.295%+$29 · spread now −0.073%, 7d avg +0.052%

Together, before fees+0.277%+$28 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 0.125% cheaper against Aevo than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1090	0.0104	pay 0.0013% / 1h	3m 08s	$249K	—	3x
Short	Bitget MELANIAUSDT	0.1089	0.0100	get 0.0050% / 4h	1h 03m	$935K	$241K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$0.84
Price spread: −0.073% → +0.052%: −$12.53
Slippage, 4 orders: −$1,735.15
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,776.52
Costs to cover: 17.632%
Break-even: never at this rate

Slippage from Aevo: live order book, 11 min ago; Bitget: live order book, 38 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 Aevo live order book, 11 min ago	776.26 bp	835.9 bp −$836	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 38 min ago	6.43 bp	37.6 bp −$38	124.3 bp −$1,243	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	0.1088	−0.174%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1089	−0.119%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1090	+0.028%	$1.5M	$850K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.092%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1089	−0.073%	$1.2M	$141K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1088	−0.183%	$410K	$2.0M	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1089	−0.073%	$935K	$241K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1088	−0.156%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.235%	$113K	$672	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1090	long leg	$249K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0152%	4h	0.1090	−0.018%	$191K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.1019%	4h	0.1091	+0.055%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1439%	1h	0.1088	−0.160%	$25K	$3K	10x	as long as short