Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1132%/8h= −123.9% APRpaid last 24h +0.010%

Price spread now: KuCoin against Kraken Futures+0.094%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 KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.094% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MELANIAUSD	0.1070	0.1232	pay 0.0154% / 1h	43m 42s	$25K	$3K	10x
Short	KuCoin MELANIAUSDTM	0.1071	0.0100	get 0.0050% / 4h	1h 43m	$422K	$2.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$237.65
Price spread: +0.094% → 0.000%: $9.43
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$250.22
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 1 min ago. 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 KuCoin live order book, 1 min ago	18.67 bp	162.1 bp −$162	doesn't fit	doesn't fit	doesn't fit

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 exchanges

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	0.1072	+0.178%	$1.6M	$225K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1071	+0.141%	$2.9M	$3.1M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1071	+0.141%	$1.5M	$815K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1067	−0.298%	$394K	$129K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1072	+0.169%	$1.1M	$135K	100x	as long as short
KuCoin MELANIAUSDTMshort	+0.0100%	4h	0.1071	+0.094%	$422K	$2.4M	30x
Bitget MELANIAUSDT	+0.0100%	4h	0.1068	−0.158%	$932K	$226K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1072	+0.216%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1072	+0.144%	$110K	$861	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1071	+0.092%	$245K	—	3x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0146%	4h	0.1070	+0.020%	$187K	$4K	75x	as long as short
Aster MELANIAUSDT	+0.0796%	4h	0.1067	−0.242%	$21K	$12K	5x	as long as short
Kraken Futures PF_MELANIAUSDlong	+0.1232%	1h	0.1070	long leg	$25K	$3K	10x