Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0445%/8h= +48.7% APRpaid last 24h +0.058%

Price spread now: Aster against Hyperliquid0.000%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Aster

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 airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MELANIA	0.1086	0.0100	pay 0.0013% / 1h	39m 15s	$1.7M	$200K	3x
Short	Aster MELANIAUSDT	0.1086	0.0545	get 0.0272% / 4h	1h 39m	$21K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $93.45
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $76.45
Costs to cover: 0.170%
Break-even: 1.3 days

Slippage unknown: Hyperliquid: live order book, 1 min ago; Aster: 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 Hyperliquid live order book, 1 min ago	3.22 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	0.1087	+0.025%	$25K	$3K	10x	as long as short
Hyperliquid MELANIAlong	+0.0100%	1h	0.1086	long leg	$1.7M	$200K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1087	+0.087%	$3.0M	$3.0M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1085	−0.138%	$422K	$64K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1088	+0.110%	$1.2M	$135K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1086	−0.046%	$394K	$842K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1087	+0.009%	$969K	$208K	50x	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1086	−0.006%	$248K	—	3x	as long as short
Variational Omni MELANIA	+0.0108%	4h	0.1084	−0.223%	$112K	$1K	—	as long as short
BloFin MELANIA-USDT	+0.0121%	4h	0.1088	+0.147%	$196K	$6K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MELANIA-USDT	+0.0216%	4h	0.1087	+0.064%	—	$1.5M	—	as long as short
Bybit MELANIAUSDT	+0.0246%	4h	0.1087	+0.009%	$1.5M	$658K	20x	as long as short
Aster MELANIAUSDTshort	+0.0545%	4h	0.1086	0.000%	$21K	$16K	5x