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: Bitget against MEXC+0.055%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1251.248% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.055%, 7d avg −0.009%

Together, before fees−0.009%−$1 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 0.064% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MELANIA_USDT	0.1100	0.0100	pay 0.0050% / 4h	3h 19m	$1.2M	$138K	100x
Short	Bitget MELANIAUSDT	0.1101	0.0100	get 0.0050% / 4h	3h 19m	$947K	$241K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.009%: $6.4
Slippage, 4 orders: −$108.76
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$118.36
Costs to cover: 1.248%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 31 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 MEXC live order book, 1 min ago	4.55 bp	23.1 bp −$23	57.1 bp −$571	122.1 bp −$12.2K	doesn't fit
Sell Bitget live order book, 31 min ago	7.24 bp	60.3 bp −$60	205.1 bp −$2,051	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	0.1101	+0.064%	$1.7M	$211K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1100	0.000%	$3.0M	$3.3M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1101	+0.109%	$1.5M	$809K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1099	−0.164%	$414K	$101K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1100	long leg	$1.2M	$138K	100x
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1101	+0.055%	$947K	$241K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1102	+0.155%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1101	+0.055%	$114K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1089	−0.991%	$249K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0124%	4h	0.1100	−0.064%	$196K	$6K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0214%	4h	0.1100	−0.027%	$441K	$1.7M	30x	as long as short
Aster MELANIAUSDT	+0.0649%	4h	0.1101	+0.035%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1706%	1h	0.1101	+0.106%	$25K	$3K	10x	as long as short