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: Gate against Bybit−0.326%7-day average −0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1861.864% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.326%, 7d avg −0.181%

Together, before fees+0.027%+$3 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: Gate is 0.145% cheaper against Bybit than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1073	0.0100	pay 0.0050% / 4h	2h 28m	$1.5M	$843K	20x
Short	Gate MELANIA_USDT	0.1070	0.0100	get 0.0050% / 4h	2h 28m	$390K	$113K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.326%Rate

Funding earned: $0
Price spread: −0.326% → −0.181%: −$14.52
Slippage, 4 orders: −$160.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$200.9
Costs to cover: 1.864%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 17 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	6.98 bp	50.5 bp −$51	197.0 bp −$1,970	doesn't fit	doesn't fit
Sell Gate live order book, 17 min ago	24.71 bp	51.4 bp −$51	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
Hyperliquid MELANIA	+0.0100%	1h	0.1073	−0.019%	$1.6M	$222K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1074	+0.093%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1073	long leg	$1.5M	$843K	20x
Gate MELANIA_USDTshort	+0.0100%	4h	0.1070	−0.326%	$390K	$113K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1074	+0.047%	$1.2M	$138K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1070	−0.280%	$404K	$1.8M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1074	+0.065%	$922K	$253K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1074	+0.056%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1074	+0.101%	$111K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1075	+0.152%	$246K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0148%	4h	0.1073	+0.028%	$192K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0445%	4h	0.1071	−0.179%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1842%	1h	0.1074	+0.130%	$25K	$3K	10x	as long as short