Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget−0.026%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1371.366% of the position

Long on Bitget Short on Binance

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)+0.001%$0 · spread now −0.026%, 7d avg +0.012%

Together, before fees+0.066%+$7 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: Binance is 0.038% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1091	0.0100	pay 0.0050% / 4h	1h 05m	$937K	$241K	50x
Short	Binance MELANIAUSDT	0.1091	0.0100	get 0.0050% / 4h	1h 05m	$3.0M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.012%: −$3.82
Slippage, 4 orders: −$114.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$140.39
Costs to cover: 1.366%
Break-even: never at this rate

Slippage from Bitget: live order book, 35 min ago; Binance: live order book, 15 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 Bitget live order book, 35 min ago	6.43 bp	40.6 bp −$41	188.2 bp −$1,882	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	3.67 bp	30.7 bp −$31	104.4 bp −$1,044	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
Hyperliquid MELANIA	+0.0100%	1h	0.1090	−0.147%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDTshort	+0.0100%	4h	0.1091	−0.026%	$3.0M	$3.4M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1091	−0.018%	$1.5M	$850K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.220%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1091	−0.037%	$1.2M	$141K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1089	−0.211%	$410K	$2.0M	30x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1091	long leg	$937K	$241K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1091	−0.018%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.115%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1094	+0.253%	$250K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0150%	4h	0.1091	−0.018%	$190K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.1021%	4h	0.1091	−0.037%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1435%	1h	0.1092	+0.032%	$25K	$3K	10x	as long as short