Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Aevo−0.152%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,801as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,823as in the Price arb table

costs, in and out, $10k−$1,79917.990% 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 4 days (all we have)+0.427%+$43 · spread now −0.152%, 7d avg +0.087%

Together, before fees+0.407%+$41 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 0.238% cheaper against Aevo than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1095	0.0104	pay 0.0013% / 1h	55m 54s	$250K	—	3x
Short	Bybit MELANIAUSDT	0.1093	0.0100	get 0.0050% / 4h	1h 55m	$1.5M	$851K	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

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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 BybitbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$0.84
Price spread: −0.152% → +0.087%: −$23.82
Slippage, 4 orders: −$1,772
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,823.66
Costs to cover: 17.990%
Break-even: never at this rate

Slippage from Aevo: live order book, 23 min ago; Bybit: live order book, 5 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, 23 min ago	783.41 bp	857.6 bp −$858	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.41 bp	46.6 bp −$47	174.6 bp −$1,746	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	0.1091	−0.289%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1092	−0.234%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1093	−0.152%	$1.5M	$851K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.499%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1092	−0.206%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1090	−0.417%	$410K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1092	−0.243%	$937K	$242K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1093	−0.170%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	−0.170%	$113K	$672	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1095	long leg	$250K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0151%	4h	0.1091	−0.325%	$191K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0943%	4h	0.1091	−0.334%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1435%	1h	0.1091	−0.282%	$25K	$3K	10x	as long as short