Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.001%

Price spread now: Aevo against Bybit+0.019%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$487as in the Funding arb table

Net, price: spread back to 7d avg − costs−$483as in the Price arb table

costs, in and out, $10k−$4894.889% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.411%−$41 · spread now +0.019%, 7d avg −0.043%

Together, before fees−0.391%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.062% dearer against Bybit than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.043%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1079	0.0128	pay 0.0064% / 4h	1h 48m	$1.5M	$655K	20x
Short	Aevo MELANIA-PERP	0.1080	0.0104	get 0.0013% / 1h	48m 41s	$247K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.019%Rate

Funding earned: −$5.04
Price spread: +0.019% → −0.043%: $6.16
Slippage, 4 orders: −$461.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$487.77
Costs to cover: 4.889%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Aevo: live order book, 35 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 Bybit live order book, 2 min ago	3.71 bp	43.8 bp −$44	560.3 bp −$5,603	doesn't fit	doesn't fit
Sell Aevo live order book, 35 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	+0.0072%	1h	0.1079	−0.064%	$25K	$3K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1079	−0.074%	$1.7M	$197K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1080	+0.045%	$3.0M	$3.0M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1080	+0.019%	$420K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1080	+0.028%	$1.2M	$134K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1078	−0.120%	$391K	$832K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1079	0.000%	$963K	$208K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1079	−0.069%	$112K	$1K	—	as long as short
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1080	+0.019%	$247K	—	3x
Bybit MELANIAUSDTlong	+0.0128%	4h	0.1079	long leg	$1.5M	$655K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0159%	4h	0.1078	−0.083%	$195K	$6K	75x	as long as short
BingX MELANIA-USDT	+0.0238%	4h	0.1080	+0.028%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0578%	4h	0.1079	0.000%	$20K	$16K	5x	as long as short