Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Aevo+4.187%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,785as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,369as in the Price arb table

costs, in and out, $10k−$1,78317.830% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−3.912%−$391 · spread now +4.187%, 7d avg +0.045%

Together, before fees−3.932%−$393 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: Bybit is 4.143% dearer against Aevo than usual: you sell high and buy low, +$414 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1048	0.0104	pay 0.0013% / 1h	55m 26s	$240K	—	3x
Short	Bybit MELANIAUSDT	0.1092	0.0100	get 0.0050% / 4h	3h 55m	$1.5M	$677K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +4.187%Rate

Funding earned: −$0.84
Price spread: +4.187% → +0.045%: $414.25
Slippage, 4 orders: −$1,756.04
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,369.62
Costs to cover: 17.830%
Break-even: never at this rate

Slippage from Aevo: live order book, 18 min ago; Bybit: live order book, 1 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, 18 min ago	783.41 bp	880.6 bp −$881	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.86 bp	33.5 bp −$34	168.4 bp −$1,684	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	0.1090	+3.949%	$1.7M	$204K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1091	+4.073%	$3.0M	$3.1M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1092	+4.187%	$1.5M	$677K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1091	+4.063%	$423K	$54K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1091	+4.063%	$1.2M	$135K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1091	+4.082%	$408K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1090	+3.939%	$965K	$215K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1092	+4.202%	$113K	$590	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1048	long leg	$240K	—	3x
BloFin MELANIA-USDT	+0.0154%	4h	0.1093	+4.235%	$195K	$6K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MELANIA-USDT	+0.0368%	4h	0.1091	+4.092%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0675%	4h	0.1091	+4.073%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0975%	1h	0.1090	+3.986%	$25K	$3K	10x	as long as short