Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget+0.119%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2942.944% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.119%, 7d avg +0.029%

Together, before fees−0.039%−$4 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 0.090% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MELANIAUSDT	0.1091	0.0100	pay 0.0050% / 4h	43m 18s	$941K	$231K	50x
Short	Bybit MELANIAUSDT	0.1092	0.0100	get 0.0050% / 4h	43m 18s	$1.5M	$775K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.029%: $9.04
Slippage, 4 orders: −$271.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$285.39
Costs to cover: 2.944%
Break-even: never at this rate

Slippage from Bitget: live order book, 13 min ago; Bybit: live order book, 3 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 Bitget live order book, 13 min ago	8.21 bp	100.5 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	7.78 bp	44.8 bp −$45	176.7 bp −$1,767	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-USDT	+0.0090%	4h	0.1093	+0.183%	$199K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1090	−0.046%	$1.7M	$214K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1092	+0.132%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1092	+0.119%	$1.5M	$775K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1091	0.000%	$405K	$96K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1092	+0.092%	$1.2M	$135K	100x	as long as short
Bitget MELANIAUSDTlong	+0.0100%	4h	0.1091	long leg	$941K	$231K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1092	+0.165%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1092	+0.110%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1084	−0.633%	$248K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0244%	4h	0.1092	+0.128%	$444K	$1.5M	30x	as long as short
Aster MELANIAUSDT	+0.0590%	4h	0.1091	+0.028%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1757%	1h	0.1091	+0.078%	$25K	$3K	10x	as long as short