Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1342%/8h= +146.9% APRpaid last 24h −0.143%

Price spread now: Kraken Futures against BingX−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.032% cheaper against BingX than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$40 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MELANIA-USDT	0.1087	0.0100	pay 0.0050% / 4h	1h 29m	—	$1.5M	—
Short	Kraken Futures PF_MELANIAUSD	0.1086	0.1442	get 0.0180% / 1h	29m 05s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.032%Rate

Funding earned: $281.76
Price spread: −0.032% → 0.000%: −$3.25
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $258.52
Costs to cover: 0.200%
Break-even: 0.6 days

Slippage unknown: BingX: live order book, 8 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 8 min ago	5.52 bp	22.7 bp −$23	104.2 bp −$1,042	582.7 bp −$58.3K	812.0 bp −$406.0K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1085	−0.101%	$1.7M	$225K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1087	+0.009%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1087	+0.046%	$1.5M	$850K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1084	−0.248%	$404K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1087	+0.083%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1085	−0.147%	$409K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1084	−0.230%	$931K	$242K	50x	as long as short
BingX MELANIA-USDTlong	+0.0100%	4h	0.1087	long leg	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1085	−0.114%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.147%	$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	+0.0142%	4h	0.1087	+0.018%	$191K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0818%	4h	0.1086	−0.062%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.1442%	1h	0.1086	−0.032%	$25K	$3K	10x