Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Aevo+0.076%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$475as in the Funding arb table

Net, price: spread back to 7d avg − costs−$467as in the Price arb table

costs, in and out, $10k−$4734.728% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.320%+$32 · spread now +0.076%, 7d avg +0.020%

Together, before fees+0.302%+$30 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 0.056% dearer against Aevo than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1079	0.0104	pay 0.0013% / 1h	12m 25s	$247K	—	3x
Short	Bitget MELANIAUSDT	0.1080	0.0100	get 0.0050% / 4h	2h 12m	$964K	$207K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$0.84
Price spread: +0.076% → +0.020%: $5.65
Slippage, 4 orders: −$444.78
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$467.97
Costs to cover: 4.728%
Break-even: never at this rate

Slippage from Aevo: live order book, 11 min ago; Bitget: live order book, 8 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, 11 min ago	139.54 bp	207.6 bp −$208	1087.9 bp −$10.9K	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	6.05 bp	21.2 bp −$21	99.3 bp −$993	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
Kraken Futures PF_MELANIAUSD	−0.0948%	1h	0.1080	+0.081%	$25K	$3K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1079	+0.030%	$1.7M	$200K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1080	+0.057%	$2.9M	$3.0M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1078	−0.091%	$419K	$67K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1080	+0.048%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1079	+0.002%	$393K	$846K	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1080	+0.076%	$964K	$207K	50x
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1079	long leg	$247K	—	3x
BloFin MELANIA-USDT	+0.0112%	4h	0.1081	+0.234%	$195K	$6K	75x	as long as short
Variational Omni MELANIA	+0.0142%	4h	0.1082	+0.322%	$112K	$1K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MELANIAUSDT	+0.0373%	4h	0.1080	+0.104%	$1.5M	$645K	20x	as long as short
BingX MELANIA-USDT	+0.0448%	4h	0.1080	+0.132%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0769%	4h	0.1080	+0.062%	$20K	$16K	5x	as long as short