Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: BloFin against Aevo+0.284%53s7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,748as 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−$1,75217.525% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.284%, 7d avg +0.084%

Together, before fees−0.153%−$15 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: BloFin is 0.201% dearer against Aevo than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.084%. The two prices were read 53 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	0.1090	0.0104	pay 0.0013% / 1h	54m 15s	$249K	—	3x
Short	BloFin MELANIA-USDT	0.1093	0.0104	get 0.0052% / 4h	1h 54m	$191K	$5K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.284%Rate

Funding earned: $0.06
Price spread: +0.284% → +0.084%: $20.08
Slippage, 4 orders: −$1,724.46
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,732.31
Costs to cover: 17.525%
Break-even: 216401.4 days

Slippage from Aevo: live order book, 25 min ago; BloFin: live order book, 21 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, 25 min ago	783.41 bp	857.6 bp −$858	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 21 min ago	0.92 bp	27.9 bp −$28	71.4 bp −$714	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	0.1088	−0.165%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1089	−0.054%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1088	−0.183%	$1.5M	$854K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1088	−0.183%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1090	−0.028%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1088	−0.183%	$409K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1090	−0.037%	$935K	$242K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	−0.083%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.299%	$113K	$672	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1090	long leg	$249K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDTshort	+0.0104%	4h	0.1093	+0.284%	$191K	$5K	75x
Aster MELANIAUSDT	+0.0949%	4h	0.1091	+0.083%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1437%	1h	0.1090	−0.032%	$25K	$3K	10x	as long as short