Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.077%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1271.267% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.077%, 7d avg −0.006%

Together, before fees+0.014%+$1 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 0.071% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1085	0.0100	pay 0.0050% / 4h	25m 38s	$3.0M	$3.0M	75x
Short	Bitget MELANIAUSDT	0.1084	0.0100	get 0.0050% / 4h	25m 38s	$961K	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.006%: −$7.08
Slippage, 4 orders: −$104.71
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$133.79
Costs to cover: 1.267%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 50 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, 10 min ago	2.30 bp	30.1 bp −$30	151.4 bp −$1,514	doesn't fit	doesn't fit
Sell Bitget live order book, 50 min ago	8.77 bp	34.9 bp −$35	114.4 bp −$1,144	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	+0.0089%	4h	0.1086	+0.080%	$197K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1085	−0.021%	$1.7M	$202K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1085	long leg	$3.0M	$3.0M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1085	−0.058%	$1.4M	$679K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1085	−0.021%	$421K	$62K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1085	−0.031%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1086	+0.071%	$401K	$1.0M	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1084	−0.077%	$961K	$216K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1084	−0.104%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.184%	$113K	$590	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.022%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0534%	4h	0.1087	+0.139%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1983%	1h	0.1087	+0.194%	$25K	$3K	10x	as long as short