Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

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: Bybit against MEXC+0.037%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1091.093% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.142%−$14 · spread now +0.037%, 7d avg −0.012%

Together, before fees−0.205%−$21 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: Bybit is 0.049% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MELANIA_USDT	0.1094	0.0100	pay 0.0050% / 4h	3h 25m	$1.2M	$137K	100x
Short	Bybit MELANIAUSDT	0.1094	0.0100	get 0.0050% / 4h	3h 25m	$1.5M	$652K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.012%: $4.87
Slippage, 4 orders: −$94.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.46
Costs to cover: 1.093%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Bybit: live order book, 1 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, just now	1.37 bp	31.3 bp −$31	57.1 bp −$571	127.1 bp −$12.7K	doesn't fit
Sell Bybit live order book, 1 min ago	3.65 bp	23.0 bp −$23	138.4 bp −$1,384	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	0.1092	−0.119%	$1.7M	$199K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1094	+0.027%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDTshort	+0.0100%	4h	0.1094	+0.037%	$1.5M	$652K	20x
Gate MELANIA_USDT	+0.0100%	4h	0.1091	−0.265%	$421K	$56K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1094	long leg	$1.2M	$137K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1094	+0.037%	$415K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1093	−0.046%	$963K	$203K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1094	0.000%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1096	+0.185%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1095	+0.128%	$250K	—	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	+0.0133%	4h	0.1095	+0.137%	$197K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0670%	4h	0.1091	−0.240%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0972%	1h	0.1094	−0.006%	$25K	$3K	10x	as long as short