Settings8H · net · $10k
Funding arb · Price arb /

MELANIA

all MELANIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against KuCoin+0.147%80s7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$333as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3213.213% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.147%, 7d avg +0.088%
Together, before fees−0.316%−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.059% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.088%. Mind the row above: over the last 7 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MELANIAUSDTM0.10890.0100pay 0.0050% / 4h36m 04s$404K$981K30x
ShortBloFin MELANIA-USDT0.10910.0114get 0.0057% / 4h36m 04s$197K$6K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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

Funding earned
$3.03
Price spread: +0.147% → +0.088%
$5.87
Slippage, 4 orders
−$297.28
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$312.37
Costs to cover
3.213%
Break-even
728.0 days
Slippage from KuCoin: live order book, 28 min ago; BloFin: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 28 min ago9.23 bp137.5 bp −$137doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 34 min ago3.70 bp30.4 bp −$3083.0 bp −$830doesn't fitdoesn't fit

MELANIA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MELANIA+0.0100%1h0.1088−0.101%$1.7M$202K3xas long as short
Binance MELANIAUSDT+0.0100%4h0.1089−0.018%$3.0M$3.0M75xas long as short
Bybit MELANIAUSDT+0.0100%4h0.1090+0.138%$1.5M$680K20xas long as short
Gate MELANIA_USDT+0.0100%4h0.1089+0.018%$423K$62K50xas long as short
MEXC MELANIA_USDT+0.0100%4h0.1089−0.018%$1.2M$136K100xas long as short
KuCoin MELANIAUSDTMlong+0.0100%4h0.1089long leg$404K$981K30x
Bitget MELANIAUSDT+0.0100%4h0.1089+0.018%$965K$216K50xas long as short
BingX MELANIA-USDT+0.0100%4h0.1089+0.018%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1089+0.034%$113K$590as long as short
Aevo MELANIA-PERP+0.0104%1h0.1090+0.092%$249K3xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MELANIA-USDTshort+0.0114%4h0.1091+0.147%$197K$6K75x
Aster MELANIAUSDT+0.0642%4h0.1091+0.172%$21K$16K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1981%1h0.1089−0.038%$25K$3K10xas long as short