Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0807%/8h= −88.4% APRpaid last 24h −0.118%

Price spread now: Aevo against Aster+0.286%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aevo is 0.286% dearer against Aster than usual: you sell high and buy low (spread +0.286% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MELANIAUSDT	0.1091	0.0911	pay 0.0455% / 4h	1h 57m	$21K	$17K	5x
Short	Aevo MELANIA-PERP	0.1094	0.0104	get 0.0013% / 1h	57m 48s	$250K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +0.286%Rate

Funding earned: −$169.45
Price spread: +0.286% → 0.000%: $28.6
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$164.85
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Aevo: live order book, 21 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Aevo live order book, 21 min ago	783.41 bp	842.9 bp −$843	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin MELANIA-USDT	+0.0067%	4h	0.1091	+0.009%	$189K	$5K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1091	+0.055%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1093	+0.194%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1091	+0.028%	$1.5M	$848K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1088	−0.238%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1093	+0.183%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1091	+0.009%	$412K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1092	+0.092%	$937K	$242K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1093	+0.202%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.165%	$113K	$672	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1094	+0.286%	$250K	—	3x
Aster MELANIAUSDTlong	+0.0911%	4h	0.1091	long leg	$21K	$17K	5x
Kraken Futures PF_MELANIAUSD	+0.1434%	1h	0.1092	+0.088%	$25K	$3K	10x	as long as short