Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.029%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1461.459% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.074%−$7 · spread now −0.029%, 7d avg −0.002%

Together, before fees−0.141%−$14 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: Bybit is 0.027% cheaper against Binance than usual: you would sell low and buy high, −$3 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	0.1066	0.0100	pay 0.0050% / 4h	1h 28m	$2.9M	$3.1M	75x
Short	Bybit MELANIAUSDT	0.1065	0.0100	get 0.0050% / 4h	1h 28m	$1.5M	$810K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.002%: −$2.72
Slippage, 4 orders: −$124.92
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$148.64
Costs to cover: 1.459%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Bybit: live order book, 1 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, 16 min ago	5.13 bp	31.6 bp −$32	133.4 bp −$1,334	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	8.92 bp	44.0 bp −$44	197.9 bp −$1,979	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	−0.048%	$1.6M	$226K	3x	as long as short
Binance MELANIAUSDTlong	+0.0100%	4h	0.1066	long leg	$2.9M	$3.1M	75x
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1065	−0.029%	$1.5M	$810K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1062	−0.357%	$392K	$130K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1066	+0.009%	$1.1M	$137K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1065	−0.076%	$929K	$224K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1066	+0.037%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1065	−0.057%	$110K	$861	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1065	−0.057%	$244K	—	3x	as long as short
KuCoin MELANIAUSDTM	+0.0134%	4h	0.1063	−0.245%	$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	−0.198%	$186K	$4K	75x	as long as short
Aster MELANIAUSDT	+0.0866%	4h	0.1063	−0.263%	$21K	$12K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1238%	1h	0.1064	−0.132%	$25K	$3K	10x	as long as short