Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Aevo+0.116%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$516as in the Funding arb table

Net, price: spread back to 7d avg − costs−$493as in the Price arb table

costs, in and out, $10k−$5145.140% of the position

Long on Aevo Short on Gate

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)+0.108%+$11 · spread now +0.116%, 7d avg −0.092%

Together, before fees+0.088%+$9 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: Gate is 0.208% dearer against Aevo than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MELANIA-PERP	0.1061	0.0104	pay 0.0013% / 1h	28m 26s	$243K	—	3x
Short	Gate MELANIA_USDT	0.1062	0.0100	get 0.0050% / 4h	1h 28m	$392K	$130K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.116%Rate

Funding earned: −$0.84
Price spread: +0.116% → −0.092%: $20.75
Slippage, 4 orders: −$483.02
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$494.11
Costs to cover: 5.140%
Break-even: never at this rate

Slippage from Aevo: live order book, 19 min ago; Gate: live order book, 15 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, 19 min ago	186.92 bp	246.0 bp −$246	1040.5 bp −$10.4K	doesn't fit	doesn't fit
Sell Gate live order book, 15 min ago	13.57 bp	30.8 bp −$31	doesn't fit	doesn't fit	doesn't fit

MELANIA on 13 exchanges

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	0.1065	+0.399%	$1.6M	$226K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1065	+0.408%	$2.9M	$3.1M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1065	+0.408%	$1.5M	$812K	20x	as long as short
Gate MELANIA_USDTshort	+0.0100%	4h	0.1062	+0.116%	$392K	$130K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1065	+0.427%	$1.1M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1065	+0.380%	$929K	$224K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1066	+0.493%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1065	+0.399%	$110K	$861	—	as long as short
Aevo MELANIA-PERPlong	+0.0104%	1h	0.1061	long leg	$243K	—	3x
KuCoin MELANIAUSDTM	+0.0130%	4h	0.1063	+0.210%	$420K	$2.5M	30x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0159%	4h	0.1064	+0.257%	$186K	$4K	75x	as long as short
Aster MELANIAUSDT	+0.0866%	4h	0.1063	+0.191%	$21K	$12K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1239%	1h	0.1063	+0.247%	$25K	$3K	10x	as long as short