Settings8H · net · $10k
Funding arb · Price arb /

MELANIA

all MELANIA markets
SwapBacktest
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
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%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MELANIA-PERP0.10950.0104pay 0.0013% / 1h55m 54s$250K3x
ShortBybit MELANIAUSDT0.10930.0100get 0.0050% / 4h1h 55m$1.5M$851K20x

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

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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 23 min ago783.41 bp857.6 bp −$858doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago6.41 bp46.6 bp −$47174.6 bp −$1,746doesn't fitdoesn't fit

MELANIA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MELANIA+0.0100%1h0.1091−0.289%$1.7M$224K3xas long as short
Binance MELANIAUSDT+0.0100%4h0.1092−0.234%$3.0M$3.4M75xas long as short
Bybit MELANIAUSDTshort+0.0100%4h0.1093−0.152%$1.5M$851K20x
Gate MELANIA_USDT+0.0100%4h0.1089−0.499%$406K$121K50xas long as short
MEXC MELANIA_USDT+0.0100%4h0.1092−0.206%$1.2M$136K100xas long as short
KuCoin MELANIAUSDTM+0.0100%4h0.1090−0.417%$410K$1.9M30xas long as short
Bitget MELANIAUSDT+0.0100%4h0.1092−0.243%$937K$242K50xas long as short
BingX MELANIA-USDT+0.0100%4h0.1093−0.170%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1093−0.170%$113K$672as long as short
Aevo MELANIA-PERPlong+0.0104%1h0.1095long leg$250K3x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MELANIA-USDT+0.0151%4h0.1091−0.325%$191K$5K75xas long as short
Aster MELANIAUSDT+0.0943%4h0.1091−0.334%$21K$17K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1435%1h0.1091−0.282%$25K$3K10xas long as short