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 0.000%

Price spread now: Bybit against Binance+0.064%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1211.212% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.212%−$21 · spread now +0.064%, 7d avg −0.009%

Together, before fees−0.280%−$28 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 0.073% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1093	0.0100	pay 0.0050% / 4h	3h 29m	$3.0M	$3.0M	75x
Short	Bybit MELANIAUSDT	0.1094	0.0100	get 0.0050% / 4h	3h 29m	$1.5M	$653K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.009%: $7.25
Slippage, 4 orders: −$100.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$113.99
Costs to cover: 1.212%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 2 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	1.83 bp	33.3 bp −$33	163.6 bp −$1,636	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.11 bp	30.7 bp −$31	168.8 bp −$1,688	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	+0.0095%	4h	0.1093	+0.009%	$196K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1092	−0.137%	$1.7M	$198K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1093	long leg	$3.0M	$3.0M	75x
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1094	+0.064%	$1.5M	$653K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1091	−0.174%	$421K	$56K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1093	−0.009%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1094	+0.082%	$414K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1093	−0.018%	$962K	$203K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1093	+0.018%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	−0.002%	$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	0.1090	−0.285%	$249K	—	3x	as long as short
Aster MELANIAUSDT	+0.0681%	4h	0.1091	−0.159%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0974%	1h	0.1092	−0.111%	$25K	$3K	10x	as long as short