Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1879%/8h= +205.8% APRpaid last 24h −0.414%

Price spread now: Kraken Futures against Bitget+0.001%48s7-day average — · you sell dearer than you buy

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

Long on Bitget 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$56 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1090	0.0100	pay 0.0050% / 4h	45m 30s	$965K	$216K	50x
Short	Kraken Futures PF_MELANIAUSD	0.1090	0.1979	get 0.0247% / 1h	45m 30s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpOrdersPrice spread, now +0.001%Rate

Funding earned: $394.59
Price spread: +0.001% → 0.000%: $0.1
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $372.7
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: Bitget: live order book, 30 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 Bitget live order book, 30 min ago	8.77 bp	30.8 bp −$31	212.3 bp −$2,123	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
Hyperliquid MELANIA	+0.0100%	1h	0.1089	−0.083%	$1.7M	$202K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1090	+0.018%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	−0.046%	$1.5M	$676K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.073%	$423K	$62K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1090	+0.018%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1089	−0.055%	$402K	$961K	30x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1090	long leg	$965K	$216K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1090	+0.083%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1090	+0.010%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1088	−0.172%	$249K	—	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	+0.0115%	4h	0.1088	−0.138%	$195K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0685%	4h	0.1089	−0.046%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.1979%	1h	0.1090	+0.001%	$25K	$3K	10x