Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0433%/8h= −47.4% APRpaid last 24h −0.145%

Price spread now: Aevo against Aster−0.128%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Aevo is 0.128% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MELANIAUSDT	0.1085	0.0537	pay 0.0269% / 4h	3h 33m	$21K	$17K	5x
Short	Aevo MELANIA-PERP	0.1084	0.0104	get 0.0013% / 1h	33m 43s	$248K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.128%Rate

Funding earned: −$90.95
Price spread: −0.128% → 0.000%: −$12.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$127.79
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Aevo: live order book, 35 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Aevo live order book, 35 min ago	783.41 bp	836.6 bp −$837	doesn't fit	doesn't fit	doesn't fit

Aster: 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	0.1083	−0.187%	$1.7M	$219K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1084	−0.151%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1084	−0.123%	$1.5M	$857K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1082	−0.261%	$414K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1084	−0.086%	$1.2M	$140K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1084	−0.123%	$407K	$2.2M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1085	−0.031%	$931K	$249K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1083	−0.178%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.123%	$112K	$672	—	as long as short
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1084	−0.128%	$248K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0148%	4h	0.1086	+0.098%	$189K	$5K	75x	as long as short
Aster MELANIAUSDTlong	+0.0537%	4h	0.1085	long leg	$21K	$17K	5x
Kraken Futures PF_MELANIAUSD	+0.2790%	1h	0.1093	+0.716%	$25K	$3K	10x	as long as short