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 0.000%

Price spread now: Bitget against Bybit−0.231%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1301.300% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.231%, 7d avg −0.020%

Together, before fees+0.194%+$19 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: Bitget is 0.210% cheaper against Bybit than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1083	0.0100	pay 0.0050% / 4h	1h 13m	$1.4M	$669K	20x
Short	Bitget MELANIAUSDT	0.1081	0.0100	get 0.0050% / 4h	1h 13m	$954K	$213K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.231%Rate

Funding earned: $0
Price spread: −0.231% → −0.020%: −$21.04
Slippage, 4 orders: −$107
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$151.05
Costs to cover: 1.300%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: 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 Bybit live order book, 2 min ago	5.54 bp	29.5 bp −$30	326.7 bp −$3,267	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	8.77 bp	34.9 bp −$35	114.4 bp −$1,144	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	0.1083	−0.031%	$25K	$3K	10x	as long as short
BloFin MELANIA-USDT	+0.0094%	4h	0.1083	−0.055%	$197K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1082	−0.120%	$1.7M	$201K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1083	−0.022%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1083	long leg	$1.4M	$669K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1081	−0.240%	$420K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1082	−0.074%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1081	−0.212%	$395K	$903K	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1081	−0.231%	$954K	$213K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1083	−0.009%	—	$1.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MELANIA	+0.0100%	4h	0.1083	−0.059%	$112K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1082	−0.149%	$247K	—	3x	as long as short
Aster MELANIAUSDT	+0.0480%	4h	0.1081	−0.166%	$20K	$16K	5x	as long as short