Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Bybit+0.037%7-day average −0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1451.449% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.037%, 7d avg −0.181%

Together, before fees−0.336%−$34 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: Gate is 0.218% dearer against Bybit than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MELANIAUSDT	0.1085	0.0100	pay 0.0050% / 4h	25m 21s	$1.4M	$679K	20x
Short	Gate MELANIA_USDT	0.1085	0.0100	get 0.0050% / 4h	25m 21s	$421K	$62K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.181%: $21.78
Slippage, 4 orders: −$118.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$123.16
Costs to cover: 1.449%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 50 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 Bybit live order book, 1 min ago	2.30 bp	30.4 bp −$30	166.2 bp −$1,662	doesn't fit	doesn't fit
Sell Gate live order book, 50 min ago	20.35 bp	39.0 bp −$39	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
BloFin MELANIA-USDT	+0.0089%	4h	0.1086	+0.138%	$197K	$6K	75x	as long as short
Hyperliquid MELANIA	+0.0100%	1h	0.1083	−0.148%	$1.7M	$202K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1084	−0.019%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDTlong	+0.0100%	4h	0.1085	long leg	$1.4M	$679K	20x
Gate MELANIA_USDTshort	+0.0100%	4h	0.1085	+0.037%	$421K	$62K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1084	−0.028%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1084	−0.055%	$400K	$1.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1084	−0.018%	$961K	$216K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1084	−0.055%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.242%	$113K	$590	—	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	0.1085	+0.037%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0534%	4h	0.1087	+0.215%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1983%	1h	0.1087	+0.252%	$25K	$3K	10x	as long as short