Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1293%/8h= +141.6% APRpaid last 24h −0.146%

Price spread now: Kraken Futures against BloFin+0.282%57s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Kraken Futures is 0.282% dearer against BloFin than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	0.1086	0.0145	pay 0.0072% / 4h	1h 25m	$190K	$5K	75x
Short	Kraken Futures PF_MELANIAUSD	0.1089	0.1438	get 0.0180% / 1h	25m 51s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.282%Rate

Funding earned: $271.54
Price spread: +0.282% → 0.000%: $28.16
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $277.7
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 50 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 BloFin live order book, 50 min ago	0.92 bp	24.0 bp −$24	doesn't fit	doesn't fit	doesn't fit
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	0.1090	+0.322%	$1.7M	$225K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1088	+0.221%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1090	+0.331%	$1.5M	$850K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1085	−0.101%	$404K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1091	+0.424%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1087	+0.092%	$409K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1086	−0.009%	$932K	$242K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	+0.304%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1085	−0.059%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1087	+0.067%	$249K	—	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	+0.0145%	4h	0.1086	long leg	$190K	$5K	75x
Aster MELANIAUSDT	+0.0815%	4h	0.1086	+0.018%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.1438%	1h	0.1089	+0.282%	$25K	$3K	10x