Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0406%/8h= −44.5% APRpaid last 24h −0.058%

Price spread now: Hyperliquid against Aster+0.240%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.240% dearer against Aster than usual: you sell high and buy low (spread +0.240% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MELANIAUSDT	0.1081	0.0506	pay 0.0253% / 4h	1h 02m	$20K	$16K	5x
Short	Hyperliquid MELANIA	0.1084	0.0100	get 0.0013% / 1h	2m 00s	$1.7M	$201K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.240%Rate

Funding earned: −$85.36
Price spread: +0.240% → 0.000%: $24.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$78.32
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 9 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	2.32 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit

Aster: 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
Kraken Futures PF_MELANIAUSD	+0.0072%	1h	0.1086	+0.442%	$25K	$3K	10x	as long as short
Hyperliquid MELANIAshort	+0.0100%	1h	0.1084	+0.240%	$1.7M	$201K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1085	+0.325%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1085	+0.361%	$1.4M	$672K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1080	−0.129%	$420K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1085	+0.314%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1083	+0.139%	$393K	$928K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1081	−0.065%	$954K	$212K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1085	+0.324%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1084	+0.185%	$112K	$590	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1084	+0.255%	$248K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0111%	4h	0.1084	+0.194%	$195K	$6K	75x	as long as short
Aster MELANIAUSDTlong	+0.0506%	4h	0.1081	long leg	$20K	$16K	5x