Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.1318%/8h= −144.3% APRpaid last 24h −0.457%

Price spread now: Kraken Futures against Gate−0.303%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Kraken Futures is 0.303% cheaper against Gate than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MELANIA_USDT	0.1072	0.0100	pay 0.0050% / 4h	3h 30m	$418K	$66K	50x
Short	Kraken Futures PF_MELANIAUSD	0.1069	−0.1218	pay 0.0152% / 1h	30m 43s	$24K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.303%Rate

Funding earned: −$276.82
Price spread: −0.303% → 0.000%: −$30.31
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$332.14
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 15 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 Gate live order book, 15 min ago	15.92 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_MELANIAUSDshort	−0.1218%	1h	0.1069	−0.303%	$24K	$2K	10x
Hyperliquid MELANIA	+0.0100%	1h	0.1073	+0.084%	$1.6M	$183K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1074	+0.187%	$2.9M	$2.8M	75x	as long as short
Gate MELANIA_USDTlong	+0.0100%	4h	0.1072	long leg	$418K	$66K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1074	+0.159%	$1.2M	$132K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1073	+0.103%	$383K	$972K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1074	+0.215%	$950K	$188K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1074	+0.224%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1073	+0.057%	$111K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1074	+0.198%	$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	+0.0110%	4h	0.1073	+0.112%	$197K	$5K	75x	as long as short
Bybit MELANIAUSDT	+0.0307%	4h	0.1075	+0.252%	$1.5M	$615K	20x	as long as short
Aster MELANIAUSDT	+0.0401%	4h	0.1072	+0.019%	$21K	$14K	5x	as long as short