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: Bybit against Aevo−0.065%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,801as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,814as in the Price arb table

costs, in and out, $10k−$1,79917.990% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.065%, 7d avg +0.087%

Together, before fees+0.320%+$32 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 0.152% cheaper against Aevo than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1075	0.0104	pay 0.0013% / 1h	30m 34s	$246K	—	3x
Short	Bybit MELANIAUSDT	0.1074	0.0100	get 0.0050% / 4h	2h 30m	$1.5M	$842K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$0.84
Price spread: −0.065% → +0.087%: −$15.16
Slippage, 4 orders: −$1,771.95
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,814.96
Costs to cover: 17.990%
Break-even: never at this rate

Slippage from Aevo: live order book, 54 min ago; Bybit: live order book, 1 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, 54 min ago	818.18 bp	868.4 bp −$868	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.98 bp	43.3 bp −$43	205.3 bp −$2,053	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	0.1072	−0.233%	$1.6M	$221K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1075	−0.028%	$2.9M	$3.3M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1074	−0.065%	$1.5M	$842K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1072	−0.270%	$391K	$113K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1075	0.000%	$1.2M	$138K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1072	−0.279%	$405K	$1.8M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1074	−0.056%	$922K	$253K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1074	−0.084%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1074	−0.085%	$111K	$672	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1075	long leg	$246K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0110%	4h	0.1077	+0.186%	$194K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0441%	4h	0.1073	−0.174%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1842%	1h	0.1074	−0.072%	$25K	$3K	10x	as long as short