MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h −0.003%

Price spread now: BingX against BloFin−0.101%96s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1000.998% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.845%+$85 · spread now −0.101%, 7d avg +0.012%

Together, before fees+0.851%+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.113% cheaper against BloFin than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.012%). If the spread goes back, that is −$11 on $10k: about 8.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.006% in total) that is about 5 months. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MELANIA-USDT	0.1088	0.0058	pay 0.0029% / 4h	3h 41m	$189K	$5K	75x
Short	BingX MELANIA-USDT	0.1087	0.0100	get 0.0050% / 4h	3h 41m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $8.92
Price spread: −0.101% → +0.012%: −$11.33
Slippage, 4 orders: −$77.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$102.17
Costs to cover: 0.998%
Break-even: 87.2 days

Slippage from BloFin: live order book, 24 min ago; BingX: live order book, 5 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 BloFin live order book, 24 min ago	4.14 bp	24.9 bp −$25	73.5 bp −$735	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	5.97 bp	27.6 bp −$28	105.4 bp −$1,054	523.6 bp −$52.4K	709.2 bp −$354.6K

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-USDTlong	+0.0058%	4h	0.1088	long leg	$189K	$5K	75x
Hyperliquid MELANIA	+0.0100%	1h	0.1085	−0.239%	$1.7M	$222K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1086	−0.138%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1087	−0.092%	$1.5M	$856K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1086	−0.202%	$415K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1086	−0.129%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1086	−0.175%	$409K	$2.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1087	−0.046%	$933K	$249K	50x	as long as short
BingX MELANIA-USDTshort	+0.0100%	4h	0.1087	−0.101%	—	$1.5M	—
Variational Omni MELANIA	+0.0100%	4h	0.1089	+0.089%	$112K	$672	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1084	−0.368%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0583%	4h	0.1086	−0.156%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.2802%	1h	0.1088	+0.048%	$25K	$3K	10x	as long as short