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

MELANIA

all MELANIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC−0.154%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1211.213% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.154%, 7d avg −0.006%
Together, before fees+0.172%+$17 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: Bitget is 0.149% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC MELANIA_USDT0.11020.0100pay 0.0050% / 4h1h 55m$1.2M$135K100x
ShortBitget MELANIAUSDT0.11000.0100get 0.0050% / 4h1h 55m$967K$213K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: −0.154% → −0.006%
−$14.86
Slippage, 4 orders
−$105.31
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$136.18
Costs to cover
1.213%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 5 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 MEXC live order book, 1 min ago4.53 bp18.0 bp −$1855.9 bp −$559110.0 bp −$11.0Kdoesn't fit
Sell Bitget live order book, 5 min ago8.16 bp34.5 bp −$35155.2 bp −$1,552doesn't fitdoesn't fit

MELANIA on 12 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%1h0.1103+0.118%$1.7M$205K3xas long as short
Binance MELANIAUSDT+0.0100%4h0.1101−0.091%$3.0M$3.1M75xas long as short
Bybit MELANIAUSDT+0.0100%4h0.1101−0.009%$1.5M$718K20xas long as short
Gate MELANIA_USDT+0.0100%4h0.1100−0.145%$422K$66K50xas long as short
MEXC MELANIA_USDTlong+0.0100%4h0.1102long leg$1.2M$135K100x
Bitget MELANIAUSDTshort+0.0100%4h0.1100−0.154%$967K$213K50x
BingX MELANIA-USDT+0.0100%4h0.1102+0.027%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1106+0.383%$114K$340as long as short
Aevo MELANIA-PERP+0.0104%1h0.1104+0.247%$253K3xas long as short
KuCoin MELANIAUSDTM+0.0178%4h0.1102+0.036%$434K$1.3M30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MELANIAUSDT+0.0717%4h0.1100−0.118%$21K$15K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1855%1h0.1105+0.351%$25K$3K10xas long as short