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 +0.016%

Price spread now: KuCoin against BingX−0.137%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$312as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3223.224% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.137%, 7d avg −0.064%

Together, before fees+0.166%+$17 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: KuCoin is 0.074% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MELANIA-USDT	0.1091	0.0100	pay 0.0050% / 4h	1h 16m	—	$1.5M	—
Short	KuCoin MELANIAUSDTM	0.1090	0.0100	get 0.0050% / 4h	1h 16m	$410K	$2.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.064%: −$7.35
Slippage, 4 orders: −$300.44
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$329.79
Costs to cover: 3.224%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 10 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, 10 min ago	5.51 bp	20.1 bp −$20	99.7 bp −$997	570.5 bp −$57.1K	761.9 bp −$381.0K
Sell KuCoin live order book, 10 min ago	9.18 bp	178.0 bp −$178	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	0.1090	−0.119%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1091	−0.064%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1092	+0.064%	$1.5M	$852K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1088	−0.348%	$405K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1092	+0.009%	$1.2M	$140K	100x	as long as short
KuCoin MELANIAUSDTMshort	+0.0100%	4h	0.1090	−0.137%	$410K	$2.0M	30x
Bitget MELANIAUSDT	+0.0100%	4h	0.1088	−0.330%	$934K	$242K	50x	as long as short
BingX MELANIA-USDTlong	+0.0100%	4h	0.1091	long leg	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1090	−0.114%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1093	+0.136%	$250K	—	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	+0.0111%	4h	0.1091	−0.064%	$190K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0926%	4h	0.1091	−0.055%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1433%	1h	0.1093	+0.094%	$25K	$3K	10x	as long as short