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: KuCoin against Bybit−0.156%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$329as in the Price arb table

costs, in and out, $10k−$3183.178% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.156%, 7d avg −0.046%

Together, before fees+0.311%+$31 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: KuCoin is 0.110% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1091	0.0100	pay 0.0050% / 4h	36m 24s	$1.5M	$680K	20x
Short	KuCoin MELANIAUSDTM	0.1089	0.0100	get 0.0050% / 4h	36m 24s	$404K	$981K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.156%Rate

Funding earned: $0
Price spread: −0.156% → −0.046%: −$11.01
Slippage, 4 orders: −$294.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$328.78
Costs to cover: 3.178%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 28 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, 5 min ago	6.88 bp	32.0 bp −$32	167.5 bp −$1,675	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	9.23 bp	120.5 bp −$120	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	0.1088	−0.275%	$1.7M	$202K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1089	−0.197%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1091	long leg	$1.5M	$680K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.128%	$423K	$62K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1089	−0.183%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTMshort	+0.0100%	4h	0.1089	−0.156%	$404K	$981K	30x
Bitget MELANIAUSDT	+0.0100%	4h	0.1089	−0.156%	$965K	$216K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	−0.156%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1089	−0.122%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1090	−0.064%	$249K	—	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	+0.0114%	4h	0.1091	−0.009%	$197K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0642%	4h	0.1091	+0.023%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1981%	1h	0.1089	−0.194%	$25K	$3K	10x	as long as short