Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Binance−0.045%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.084%−$8 · spread now −0.045%, 7d avg −0.067%

Together, before fees−0.151%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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: Hyperliquid is 0.021% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MELANIAUSDT	0.1080	0.0100	pay 0.0050% / 4h	2h 55m	$3.0M	$3.1M	75x
Short	Hyperliquid MELANIA	0.1080	0.0100	get 0.0013% / 1h	55m 36s	$1.7M	$201K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.067%: $2.14
Slippage, 4 orders: −$85.77
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$102.62
Costs to cover: 1.048%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 10 min ago	2.29 bp	30.9 bp −$31	167.2 bp −$1,672	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	2.31 bp	22.4 bp −$22	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 MELANIAshort	+0.0100%	1h	0.1080	−0.045%	$1.7M	$201K	3x
Binance MELANIAUSDTlong	+0.0100%	4h	0.1080	long leg	$3.0M	$3.1M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1082	+0.168%	$1.4M	$666K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1082	+0.195%	$416K	$60K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1081	+0.020%	$1.2M	$135K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1083	+0.242%	$408K	$1.2M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1082	+0.195%	$951K	$212K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1081	+0.084%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1082	+0.138%	$112K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1082	+0.165%	$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	+0.0126%	4h	0.1084	+0.325%	$197K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0678%	4h	0.1083	+0.253%	$20K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1521%	1h	0.1083	+0.261%	$25K	$3K	10x	as long as short