Funding arb · Price arb /

MELANIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0631%/8h= −69.1% APRpaid last 24h +0.261%

Price spread now: Aster against Kraken Futures+0.083%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.083% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MELANIAUSD	0.1085	0.1444	pay 0.0181% / 1h	29m 50s	$25K	$3K	10x
Short	Aster MELANIAUSDT	0.1085	0.0813	get 0.0406% / 4h	1h 29m	$21K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$132.56
Price spread: +0.083% → 0.000%: $8.32
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$142.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Aster: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Kraken Futures and Aster: 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	0.1085	+0.017%	$1.7M	$225K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1086	+0.137%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1086	+0.146%	$1.5M	$850K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1084	−0.075%	$404K	$121K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1086	+0.128%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1084	−0.047%	$409K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1084	−0.047%	$931K	$242K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1086	+0.137%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1085	+0.078%	$112K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	+0.045%	$248K	—	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-USDT	+0.0152%	4h	0.1085	−0.001%	$190K	$5K	75x	as long as short
Aster MELANIAUSDTshort	+0.0813%	4h	0.1085	+0.083%	$21K	$17K	5x
Kraken Futures PF_MELANIAUSDlong	+0.1444%	1h	0.1085	long leg	$25K	$3K	10x