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 Bybit−0.092%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1511.514% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.179%+$18 · spread now −0.092%, 7d avg +0.003%

Together, before fees+0.247%+$25 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 0.095% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1086	0.0100	pay 0.0050% / 4h	1h 00m	$1.5M	$848K	20x
Short	Binance MELANIAUSDT	0.1085	0.0100	get 0.0050% / 4h	1h 00m	$2.9M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → +0.003%: −$9.55
Slippage, 4 orders: −$130.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$160.97
Costs to cover: 1.514%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 5 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, 1 min ago	5.98 bp	52.3 bp −$52	194.5 bp −$1,945	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.38 bp	24.9 bp −$25	115.7 bp −$1,157	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
BloFin MELANIA-USDT	+0.0084%	4h	0.1089	+0.221%	$191K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1087	+0.064%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDTshort	+0.0100%	4h	0.1085	−0.092%	$2.9M	$3.4M	75x
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1086	long leg	$1.5M	$848K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1085	−0.120%	$405K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1086	−0.074%	$1.2M	$141K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1085	−0.138%	$408K	$2.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1087	+0.074%	$933K	$241K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1088	+0.147%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.079%	$113K	$672	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.138%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0978%	4h	0.1085	−0.123%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1440%	1h	0.1088	+0.103%	$25K	$3K	10x	as long as short