Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against BloFin+0.191%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1361.362% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.516%+$52 · spread now +0.191%, 7d avg −0.002%

Together, before fees+0.456%+$46 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: Bybit is 0.193% dearer against BloFin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MELANIA-USDT	0.1100	0.0100	pay 0.0050% / 4h	1h 29m	$198K	$6K	75x
Short	Bybit MELANIAUSDT	0.1102	0.0100	get 0.0050% / 4h	1h 29m	$1.5M	$739K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$0.05
Price spread: +0.191% → −0.002%: $19.34
Slippage, 4 orders: −$113.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$116.96
Costs to cover: 1.362%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; Bybit: live order book, 2 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 BloFin live order book, 9 min ago	5.03 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	8.60 bp	39.6 bp −$40	197.3 bp −$1,973	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	0.1099	−0.073%	$1.7M	$206K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1100	+0.036%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1102	+0.191%	$1.5M	$739K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1100	−0.027%	$422K	$67K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1100	0.000%	$1.2M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1101	+0.091%	$962K	$218K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1100	−0.018%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1104	+0.339%	$114K	$340	—	as long as short
BloFin MELANIA-USDTlong	+0.0100%	4h	0.1100	long leg	$198K	$6K	75x
Aevo MELANIA-PERP	+0.0104%	1h	0.1092	−0.713%	$250K	—	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	+0.0360%	4h	0.1101	+0.109%	$444K	$1.4M	30x	as long as short
Aster MELANIAUSDT	+0.0857%	4h	0.1100	+0.045%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1861%	1h	0.1102	+0.204%	$25K	$3K	10x	as long as short