Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Binance+0.091%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.091%, 7d avg +0.008%

Together, before fees−0.151%−$15 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: BingX is 0.083% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1101	0.0100	pay 0.0050% / 4h	1h 54m	$3.0M	$3.1M	75x
Short	BingX MELANIA-USDT	0.1102	0.0100	get 0.0050% / 4h	1h 54m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.008%: $8.32
Slippage, 4 orders: −$94.99
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$106.67
Costs to cover: 1.150%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BingX: live order book, 7 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, 11 min ago	3.64 bp	28.9 bp −$29	144.4 bp −$1,444	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	6.82 bp	28.8 bp −$29	99.9 bp −$999	538.3 bp −$53.8K	805.8 bp −$402.9K

MELANIA on 12 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	0.1102	+0.055%	$1.7M	$205K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1101	long leg	$3.0M	$3.1M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1103	+0.146%	$1.5M	$718K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1100	−0.090%	$422K	$66K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1102	+0.064%	$1.2M	$135K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1099	−0.163%	$966K	$213K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1102	+0.091%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1106	+0.438%	$114K	$340	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1100	−0.090%	$252K	—	3x	as long as short
KuCoin MELANIAUSDTM	+0.0190%	4h	0.1102	+0.091%	$431K	$1.3M	30x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MELANIAUSDT	+0.0742%	4h	0.1100	−0.063%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1861%	1h	0.1102	+0.108%	$25K	$3K	10x	as long as short