Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against MEXC−0.189%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,723as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,730as in the Price arb table

costs, in and out, $10k−$1,71817.182% of the position

Long on MEXC Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.189%, 7d avg −0.069%

Together, before fees+0.011%+$1 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: Aevo is 0.119% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MELANIA_USDT	0.1086	0.0100	pay 0.0050% / 4h	35m 53s	$1.2M	$140K	100x
Short	Aevo MELANIA-PERP	0.1084	0.0104	get 0.0013% / 1h	35m 53s	$248K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.189%Rate

Funding earned: $0.84
Price spread: −0.189% → −0.069%: −$11.94
Slippage, 4 orders: −$1,698.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,729.32
Costs to cover: 17.182%
Break-even: 14418.0 days

Slippage from MEXC: live order book, 5 min ago; Aevo: live order book, 38 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 MEXC live order book, 5 min ago	2.76 bp	15.5 bp −$16	57.8 bp −$578	125.7 bp −$12.6K	doesn't fit
Sell Aevo live order book, 38 min ago	776.26 bp	849.0 bp −$849	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
Hyperliquid MELANIA	+0.0100%	1h	0.1086	+0.009%	$1.7M	$224K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1086	−0.026%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1086	+0.046%	$1.5M	$854K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1085	−0.092%	$408K	$124K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1086	long leg	$1.2M	$140K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1086	0.000%	$413K	$2.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1087	+0.120%	$933K	$249K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1087	+0.064%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.059%	$112K	$672	—	as long as short
Aevo MELANIA-PERPshort	+0.0104%	1h	0.1084	−0.189%	$248K	—	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0154%	4h	0.1088	+0.175%	$190K	$5K	75x	as long as short
Aster MELANIAUSDT	+0.0862%	4h	0.1086	+0.018%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1010%	1h	0.1088	+0.186%	$25K	$3K	10x	as long as short