Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.048%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1201.198% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.048%, 7d avg −0.002%

Together, before fees−0.079%−$8 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: Bitget is 0.049% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1065	0.0100	pay 0.0050% / 4h	5m 39s	$2.9M	$2.8M	75x
Short	Bitget MELANIAUSDT	0.1066	0.0100	get 0.0050% / 4h	5m 39s	$946K	$180K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.002%: $4.94
Slippage, 4 orders: −$97.83
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.89
Costs to cover: 1.198%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 24 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, 4 min ago	1.41 bp	27.1 bp −$27	123.2 bp −$1,232	doesn't fit	doesn't fit
Sell Bitget live order book, 24 min ago	3.77 bp	27.2 bp −$27	120.9 bp −$1,209	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
Kraken Futures PF_MELANIAUSD	−0.0996%	1h	0.1062	−0.257%	$24K	$2K	10x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1065	−0.028%	$1.6M	$179K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1065	long leg	$2.9M	$2.8M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1066	+0.057%	$1.4M	$588K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1063	−0.150%	$415K	$67K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1065	−0.018%	$1.2M	$134K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1064	−0.093%	$382K	$1.1M	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1066	+0.048%	$946K	$180K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1065	+0.029%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1066	+0.085%	$110K	$1K	—	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	0.1065	+0.001%	$244K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0108%	4h	0.1067	+0.188%	$198K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0265%	4h	0.1063	−0.151%	$21K	$14K	5x	as long as short