Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0878%/8h= +96.1% APRpaid last 24h −0.365%

Price spread now: Kraken Futures against MEXC−0.108%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.108% cheaper against MEXC than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 10 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MELANIA_USDT	0.1088	0.0100	pay 0.0050% / 4h	3h 47m	$1.2M	$135K	100x
Short	Kraken Futures PF_MELANIAUSD	0.1087	0.0978	get 0.0122% / 1h	47m 43s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.108%Rate

Funding earned: $184.38
Price spread: −0.108% → 0.000%: −$10.77
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $159.61
Costs to cover: 0.140%
Break-even: 0.9 days

Slippage unknown: MEXC: live order book, 8 min ago; Kraken Futures: no order-book sample. 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 MEXC live order book, 8 min ago	2.75 bp	22.5 bp −$23	55.3 bp −$553	126.5 bp −$12.7K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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 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	0.1087	−0.138%	$1.7M	$200K	3x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	0.1088	0.000%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	+0.046%	$1.5M	$678K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1088	−0.009%	$422K	$54K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1088	long leg	$1.2M	$135K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1088	−0.018%	$411K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1088	−0.037%	$964K	$211K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1088	0.000%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1090	+0.168%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1078	−0.925%	$247K	—	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	+0.0141%	4h	0.1088	−0.018%	$195K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0599%	4h	0.1089	+0.063%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.0978%	1h	0.1087	−0.108%	$25K	$3K	10x