Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against Binance+0.101%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1291.285% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.154%−$15 · spread now +0.101%, 7d avg +0.006%

Together, before fees−0.156%−$16 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: BingX is 0.094% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1087	0.0100	pay 0.0050% / 4h	21m 00s	$3.0M	$3.0M	75x
Short	BingX MELANIA-USDT	0.1088	0.0100	get 0.0050% / 4h	21m 00s	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.006%: $9.45
Slippage, 4 orders: −$108.52
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$119.08
Costs to cover: 1.285%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; BingX: live order book, 11 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 Binance live order book, 15 min ago	2.30 bp	30.1 bp −$30	151.4 bp −$1,514	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	5.06 bp	31.7 bp −$32	101.0 bp −$1,010	537.7 bp −$53.8K	788.8 bp −$394.4K

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	+0.0050%	4h	0.1086	−0.028%	$197K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1086	−0.083%	$1.7M	$202K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1087	long leg	$3.0M	$3.0M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1088	+0.101%	$1.5M	$679K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1084	−0.249%	$421K	$62K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1086	−0.028%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1085	−0.148%	$394K	$1.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1084	−0.203%	$961K	$216K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1088	+0.101%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1086	−0.028%	$113K	$590	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1083	−0.337%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0491%	4h	0.1084	−0.217%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1987%	1h	0.1085	−0.107%	$25K	$3K	10x	as long as short