MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.004%

Price spread now: Bitget against BloFin−0.433%65s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as 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−$1311.306% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.978%+$98 · spread now −0.433%, 7d avg −0.024%

Together, before fees+0.921%+$92 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.409% cheaper against BloFin than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 65 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	0.1085	0.0159	pay 0.0079% / 4h	3h 32m	$189K	$5K	75x
Short	Bitget MELANIAUSDT	0.1080	0.0100	get 0.0050% / 4h	3h 32m	$927K	$249K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.433%Rate

Funding earned: −$12.36
Price spread: −0.433% → −0.024%: −$40.91
Slippage, 4 orders: −$106.56
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$183.82
Costs to cover: 1.306%
Break-even: never at this rate

Slippage from BloFin: live order book, 33 min ago; Bitget: live order book, 64 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, 33 min ago	4.14 bp	24.9 bp −$25	73.5 bp −$735	doesn't fit	doesn't fit
Sell Bitget live order book, 64 min ago	7.36 bp	49.6 bp −$50	158.6 bp −$1,586	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	0.1080	−0.406%	$1.6M	$219K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1080	−0.402%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1080	−0.396%	$1.5M	$857K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1081	−0.369%	$413K	$124K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1081	−0.341%	$1.2M	$140K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1079	−0.516%	$407K	$2.2M	30x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1080	−0.433%	$927K	$249K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1081	−0.369%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.191%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1080	−0.424%	$247K	—	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-USDTlong	+0.0159%	4h	0.1085	long leg	$189K	$5K	75x
Aster MELANIAUSDT	+0.0530%	4h	0.1081	−0.286%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.2818%	1h	0.1082	−0.216%	$25K	$3K	10x	as long as short