Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1605%/8h= +175.8% APRpaid last 24h −0.210%

Price spread now: Kraken Futures against Binance−0.033%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.033% cheaper against Binance than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$48 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1102	0.0100	pay 0.0050% / 4h	3h 17m	$3.0M	$3.3M	75x
Short	Kraken Futures PF_MELANIAUSD	0.1102	0.1705	get 0.0213% / 1h	17m 39s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.033%Rate

Funding earned: $337.15
Price spread: −0.033% → 0.000%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $313.83
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: Binance: live order book, 3 min ago; Kraken Futures: no order-book sample. 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 Binance live order book, 3 min ago	4.99 bp	28.3 bp −$28	131.7 bp −$1,317	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
BloFin MELANIA-USDT	+0.0063%	4h	0.1101	−0.091%	$196K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1101	−0.109%	$1.7M	$211K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1102	long leg	$3.0M	$3.3M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1102	−0.009%	$1.5M	$809K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1099	−0.354%	$414K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1102	−0.009%	$1.2M	$138K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1100	−0.190%	$947K	$241K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1103	+0.018%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1101	−0.135%	$114K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1090	−1.154%	$249K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0202%	4h	0.1100	−0.218%	$439K	$1.7M	30x	as long as short
Aster MELANIAUSDT	+0.0708%	4h	0.1101	−0.083%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.1705%	1h	0.1102	−0.033%	$25K	$3K	10x