Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0910%/8h= −99.6% APRpaid last 24h +0.124%

Price spread now: KuCoin against Kraken Futures−0.345%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on KuCoin

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 −$27 a day on $10k at the current rate, and KuCoin is 0.345% cheaper against Kraken Futures than usual: you would sell low and buy high (−$35 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	Kraken Futures PF_MELANIAUSD	0.1088	0.1010	pay 0.0126% / 1h	32m 52s	$25K	$3K	10x
Short	KuCoin MELANIAUSDTM	0.1084	0.0100	get 0.0050% / 4h	32m 52s	$412K	$2.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.345%Rate

Funding earned: −$191.1
Price spread: −0.345% → 0.000%: −$34.54
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$247.64
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 4 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	13.83 bp	167.3 bp −$167	doesn't fit	doesn't fit	doesn't fit

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
BloFin MELANIA-USDT	+0.0053%	4h	0.1086	−0.171%	$191K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1086	−0.189%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1086	−0.119%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1087	−0.070%	$1.5M	$854K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1085	−0.253%	$408K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1086	−0.116%	$1.2M	$140K	100x	as long as short
KuCoin MELANIAUSDTMshort	+0.0100%	4h	0.1084	−0.345%	$412K	$2.1M	30x
Bitget MELANIAUSDT	+0.0100%	4h	0.1086	−0.134%	$932K	$250K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1087	−0.088%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	−0.103%	$112K	$672	—	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	0.1085	−0.267%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0820%	4h	0.1086	−0.181%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSDlong	+0.1010%	1h	0.1088	long leg	$25K	$3K	10x