Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h 0.000%

Price spread now: Aevo against BingX−0.004%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$493as in the Funding arb table

Net, price: spread back to 7d avg − costs−$484as in the Price arb table

costs, in and out, $10k−$4884.881% of the position

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 3 days (all we have)−0.496%−$50 · spread now −0.004%, 7d avg −0.049%

Together, before fees−0.541%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.045% dearer against BingX than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.049%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.045% in total) that is about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MELANIA-USDT	0.1075	0.0278	pay 0.0139% / 4h	1h 59m	—	$1.5M	—
Short	Aevo MELANIA-PERP	0.1075	0.0104	get 0.0013% / 1h	59m 40s	$246K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now −0.004%Rate

Funding earned: −$36.54
Price spread: −0.004% → −0.049%: $4.51
Slippage, 4 orders: −$462.1
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$520.12
Costs to cover: 4.881%
Break-even: never at this rate

Slippage from BingX: live order book, 17 min ago; Aevo: live order book, 24 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 BingX live order book, 17 min ago	5.09 bp	46.2 bp −$46	154.8 bp −$1,548	485.5 bp −$48.5K	676.4 bp −$338.2K
Sell Aevo live order book, 24 min ago	139.54 bp	204.7 bp −$205	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
Kraken Futures PF_MELANIAUSD	−0.0953%	1h	0.1075	−0.073%	$25K	$3K	10x	as long as short
BloFin MELANIA-USDT	+0.0042%	4h	0.1076	+0.065%	$196K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1075	−0.046%	$1.7M	$199K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1075	−0.027%	$2.9M	$3.0M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1075	−0.065%	$418K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1075	−0.037%	$1.2M	$134K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1074	−0.130%	$392K	$839K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1076	+0.056%	$961K	$207K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1076	+0.066%	$111K	$1K	—	as long as short
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1075	−0.004%	$246K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MELANIAUSDT	+0.0193%	4h	0.1076	+0.019%	$1.5M	$651K	20x	as long as short
BingX MELANIA-USDTlong	+0.0278%	4h	0.1075	long leg	—	$1.5M	—
Aster MELANIAUSDT	+0.0628%	4h	0.1075	−0.041%	$20K	$16K	5x	as long as short