Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against Binance−0.035%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

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

costs, in and out, $10k−$1151.147% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now −0.035%, 7d avg +0.010%

Together, before fees−0.071%−$7 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: BloFin is 0.046% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1090	0.0100	pay 0.0050% / 4h	1h 45m	$3.0M	$3.4M	75x
Short	BloFin MELANIA-USDT	0.1089	0.0100	get 0.0050% / 4h	1h 45m	$192K	$5K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$0.06
Price spread: −0.035% → +0.010%: −$4.58
Slippage, 4 orders: −$92.75
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$119.38
Costs to cover: 1.147%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 30 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, 6 min ago	5.05 bp	31.2 bp −$31	122.9 bp −$1,229	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	0.92 bp	27.9 bp −$28	71.4 bp −$714	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
BloFin MELANIA-USDTshort	+0.0100%	4h	0.1089	−0.035%	$192K	$5K	75x
Hyperliquid MELANIA	+0.0100%	1h	0.1089	−0.054%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1090	long leg	$3.0M	$3.4M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1090	−0.026%	$1.5M	$856K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1087	−0.256%	$405K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1089	−0.054%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1087	−0.256%	$409K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1089	−0.045%	$935K	$242K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1091	+0.102%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1088	−0.140%	$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-PERP	+0.0104%	1h	0.1089	−0.064%	$249K	—	3x	as long as short
Aster MELANIAUSDT	+0.0861%	4h	0.1089	−0.107%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1438%	1h	0.1089	−0.051%	$25K	$3K	10x	as long as short