Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.001%

Price spread now: Aevo against Binance−0.096%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,171as in the Price arb table

costs, in and out, $10k−$2,16721.669% of the position

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now −0.096%, 7d avg −0.057%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.039% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1096	0.0122	pay 0.0061% / 4h	14m 58s	$3.0M	$3.2M	75x
Short	Aevo MELANIA-PERP	0.1095	0.0104	get 0.0013% / 1h	14m 58s	$250K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.096%Rate

Funding earned: −$3.78
Price spread: −0.096% → −0.057%: −$3.85
Slippage, 4 orders: −$2,140.89
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$2,174.52
Costs to cover: 21.669%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Aevo: live order book, 34 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 Binance live order book, 6 min ago	3.65 bp	28.6 bp −$29	138.2 bp −$1,382	doesn't fit	doesn't fit
Sell Aevo live order book, 34 min ago	1031.39 bp	1075.4 bp −$1,075	doesn't fit	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
BloFin MELANIA-USDT	+0.0069%	4h	0.1098	+0.178%	$197K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1096	+0.023%	$1.7M	$197K	3x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1096	+0.014%	$1.5M	$780K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1094	−0.215%	$409K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1096	−0.005%	$1.2M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1095	−0.059%	$944K	$231K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1096	+0.032%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1098	+0.188%	$114K	$672	—	as long as short
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1095	−0.096%	$250K	—	3x
Binance MELANIAUSDTlong	+0.0122%	4h	0.1096	long leg	$3.0M	$3.2M	75x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0534%	4h	0.1095	−0.096%	$444K	$1.6M	30x	as long as short
Aster MELANIAUSDT	+0.0885%	4h	0.1096	−0.041%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1748%	1h	0.1097	+0.046%	$25K	$3K	10x	as long as short