Funding you earn now, next payment 23:00 UTC−0.0134%/8h= −14.6% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.074%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1111.110% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now −0.074%, 7d avg −0.056%
=Together, before fees+0.100%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MELANIAUSDT | 0.1083 | 0.0234 | pay 0.0117% / 4h | 1h 54m | $1.5M | $653K | 20x |
| Short | Hyperliquid MELANIA | 0.1082 | 0.0100 | get 0.0013% / 1h | 54m 46s | $1.7M | $197K | 3x |
Bybit MELANIAUSDT
Hyperliquid MELANIAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.05
- Price spread: −0.074% → −0.056%
- −$1.8
- Slippage, 4 orders
- −$90.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$140.83
- Costs to cover
- 1.110%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 6 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 Bybit live order book, 1 min ago | 4.62 bp | 31.9 bp −$32 | 175.1 bp −$1,751 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.86 bp | 27.3 bp −$27 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MELANIAUSD | +0.0072% | 1h | 0.1082 | −0.058% | $25K | $3K | 10x | as long as short |
| Hyperliquid MELANIAshort | +0.0100% | 1h | 0.1082 | −0.074% | $1.7M | $197K | 3x | |
| Binance MELANIAUSDT | +0.0100% | 4h | 0.1083 | +0.036% | $3.0M | $3.0M | 75x | as long as short |
| Gate MELANIA_USDT | +0.0100% | 4h | 0.1080 | −0.277% | $420K | $64K | 50x | as long as short |
| MEXC MELANIA_USDT | +0.0100% | 4h | 0.1083 | 0.000% | $1.2M | $134K | 100x | as long as short |
| KuCoin MELANIAUSDTM | +0.0100% | 4h | 0.1081 | −0.185% | $395K | $841K | 30x | as long as short |
| Bitget MELANIAUSDT | +0.0100% | 4h | 0.1081 | −0.166% | $964K | $207K | 50x | as long as short |
| Variational Omni MELANIA | +0.0100% | 4h | 0.1079 | −0.378% | $111K | $1K | — | as long as short |
| Aevo MELANIA-PERP | +0.0104% | 1h | 0.1079 | −0.371% | $247K | — | 3x | as long as short |
| BloFin MELANIA-USDT | +0.0111% | 4h | 0.1082 | −0.046% | $197K | $6K | 75x | as long as short |
Kraken Futures PF_MELANIAUSD
Binance MELANIAUSDT
Gate MELANIA_USDT
MEXC MELANIA_USDT
KuCoin MELANIAUSDTM
Bitget MELANIAUSDT
Variational Omni MELANIA
Aevo MELANIA-PERP
BloFin MELANIA-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MELANIA-USDT | +0.0174% | 4h | 0.1083 | +0.018% | — | $1.5M | — | as long as short |
| Bybit MELANIAUSDTlong | +0.0234% | 4h | 0.1083 | long leg | $1.5M | $653K | 20x | |
| Aster MELANIAUSDT | +0.0629% | 4h | 0.1081 | −0.139% | $20K | $16K | 5x | as long as short |
BingX MELANIA-USDT
Aster MELANIAUSDT