Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Bybit+0.046%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1241.242% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days+0.048%+$5 · spread now +0.046%, 7d avg +0.017%

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: BingX is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1084	0.0100	pay 0.0050% / 4h	1h 05m	$1.4M	$671K	20x
Short	BingX MELANIA-USDT	0.1085	0.0100	get 0.0050% / 4h	1h 05m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.017%: $2.96
Slippage, 4 orders: −$103.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$121.29
Costs to cover: 1.242%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 6 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, 6 min ago	5.09 bp	31.9 bp −$32	170.6 bp −$1,706	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	6.47 bp	31.9 bp −$32	109.1 bp −$1,091	577.1 bp −$57.7K	799.4 bp −$399.7K

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	0.1085	+0.088%	$25K	$3K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1083	−0.120%	$1.7M	$201K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1084	−0.018%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1084	long leg	$1.4M	$671K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1080	−0.387%	$420K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1084	−0.065%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1082	−0.212%	$394K	$922K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1081	−0.323%	$954K	$212K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1085	+0.046%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1084	−0.073%	$112K	$590	—	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	0.1083	−0.101%	$248K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0141%	4h	0.1084	−0.065%	$196K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0474%	4h	0.1081	−0.258%	$20K	$16K	5x	as long as short