Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Aevo−0.133%48s7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,171as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2,17621.760% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.515%+$52 · spread now −0.133%, 7d avg +0.058%

Together, before fees+0.563%+$56 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: Binance is 0.190% cheaper against Aevo than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.058%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1100	0.0104	pay 0.0013% / 1h	26m 32s	$252K	—	3x
Short	Binance MELANIAUSDT	0.1099	0.0100	get 0.0050% / 4h	3h 26m	$3.0M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now −0.133%Rate

Funding earned: −$0.84
Price spread: −0.133% → +0.058%: −$19.03
Slippage, 4 orders: −$2,149.99
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2,195.86
Costs to cover: 21.760%
Break-even: never at this rate

Slippage from Aevo: live order book, 83 min ago; Binance: live order book, 9 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 Aevo live order book, 83 min ago	1031.39 bp	1039.4 bp −$1,039	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	4.99 bp	32.6 bp −$33	110.9 bp −$1,109	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
BloFin MELANIA-USDT	+0.0095%	4h	0.1100	−0.009%	$196K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1098	−0.200%	$1.7M	$211K	3x	as long as short
Binance MELANIAUSDTshort	+0.0100%	4h	0.1099	−0.133%	$3.0M	$3.2M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1100	−0.027%	$1.5M	$808K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1097	−0.236%	$413K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1099	−0.118%	$1.2M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1099	−0.127%	$945K	$241K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1099	−0.100%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1103	+0.228%	$114K	$672	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1100	long leg	$252K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0258%	4h	0.1098	−0.182%	$437K	$1.7M	30x	as long as short
Aster MELANIAUSDT	+0.0698%	4h	0.1100	+0.004%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1711%	1h	0.1099	−0.127%	$25K	$3K	10x	as long as short