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 +0.018%

Price spread now: KuCoin against Bitget−0.128%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$325as in the Funding arb table

Net, price: spread back to 7d avg − costs−$348as in the Price arb table

costs, in and out, $10k−$3413.414% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.128%, 7d avg −0.060%

Together, before fees+0.113%+$11 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: KuCoin is 0.068% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1092	0.0100	pay 0.0050% / 4h	2h 05m	$937K	$253K	50x
Short	KuCoin MELANIAUSDTM	0.1091	0.0100	get 0.0050% / 4h	2h 05m	$412K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → −0.060%: −$6.79
Slippage, 4 orders: −$317.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$348.21
Costs to cover: 3.414%
Break-even: never at this rate

Slippage from Bitget: live order book, 41 min ago; KuCoin: live order book, 1 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, 41 min ago	9.58 bp	44.3 bp −$44	153.7 bp −$1,537	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	13.76 bp	184.8 bp −$185	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
Hyperliquid MELANIA	+0.0100%	1h	0.1091	−0.128%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1092	−0.076%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1093	+0.064%	$1.5M	$848K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1088	−0.403%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1091	−0.082%	$1.2M	$140K	100x	as long as short
KuCoin MELANIAUSDTMshort	+0.0100%	4h	0.1091	−0.128%	$412K	$1.9M	30x
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1092	long leg	$937K	$253K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1092	−0.027%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1092	−0.004%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1086	−0.571%	$248K	—	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	+0.0147%	4h	0.1092	+0.009%	$188K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0829%	4h	0.1091	−0.137%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1815%	1h	0.1090	−0.184%	$25K	$3K	10x	as long as short