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 −0.001%

Price spread now: Gate against BingX−0.424%7-day average −0.184% · 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−$171as in the Price arb table

costs, in and out, $10k−$1471.468% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.424%, 7d avg −0.184%

Together, before fees+0.148%+$15 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: Gate is 0.240% cheaper against BingX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.184%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MELANIA-USDT	0.1084	0.0100	pay 0.0050% / 4h	2h 13m	—	$1.5M	—
Short	Gate MELANIA_USDT	0.1080	0.0100	get 0.0050% / 4h	2h 13m	$394K	$114K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee GatebpOrdersPrice spread, now −0.424%Rate

Funding earned: $0
Price spread: −0.424% → −0.184%: −$24.03
Slippage, 4 orders: −$121.82
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$170.85
Costs to cover: 1.468%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Gate: live order book, 32 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 BingX live order book, 4 min ago	5.55 bp	29.2 bp −$29	115.8 bp −$1,158	553.8 bp −$55.4K	745.6 bp −$372.8K
Sell Gate live order book, 32 min ago	24.71 bp	51.4 bp −$51	doesn't fit	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
Hyperliquid MELANIA	+0.0100%	1h	0.1083	−0.111%	$1.7M	$221K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1084	−0.003%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1084	−0.009%	$1.5M	$846K	20x	as long as short
Gate MELANIA_USDTshort	+0.0100%	4h	0.1080	−0.424%	$394K	$114K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1084	−0.009%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1083	−0.111%	$407K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1081	−0.314%	$927K	$251K	50x	as long as short
BingX MELANIA-USDTlong	+0.0100%	4h	0.1084	long leg	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1081	−0.275%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	+0.074%	$248K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0154%	4h	0.1084	−0.009%	$189K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0676%	4h	0.1081	−0.249%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1827%	1h	0.1083	−0.114%	$25K	$3K	10x	as long as short