Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against Hyperliquid+0.168%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1071.066% of the position

Long on Hyperliquid Short on Binance

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−0.030%−$3 · spread now +0.168%, 7d avg +0.067%

Together, before fees+0.037%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 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: Binance is 0.100% dearer against Hyperliquid than usual: you sell high and buy low, +$10 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	Hyperliquid MELANIA	0.1087	0.0100	pay 0.0013% / 1h	34m 21s	$1.7M	$202K	3x
Short	Binance MELANIAUSDT	0.1089	0.0100	get 0.0050% / 4h	34m 21s	$3.0M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.168%Rate

Funding earned: $0
Price spread: +0.168% → +0.067%: $10.01
Slippage, 4 orders: −$87.58
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.56
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Binance: live order book, 16 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 Hyperliquid live order book, 6 min ago	1.38 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.92 bp	31.7 bp −$32	114.7 bp −$1,147	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
BloFin MELANIA-USDT	+0.0093%	4h	0.1089	+0.166%	$196K	$6K	75x	as long as short
Hyperliquid MELANIAlong	+0.0100%	1h	0.1087	long leg	$1.7M	$202K	3x
Binance MELANIAUSDTshort	+0.0100%	4h	0.1089	+0.168%	$3.0M	$3.0M	75x
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	+0.175%	$1.5M	$682K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1089	+0.202%	$423K	$62K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1089	+0.147%	$1.2M	$136K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1089	+0.175%	$403K	$985K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1089	+0.212%	$965K	$216K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1088	+0.083%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1089	+0.209%	$113K	$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	0.1085	−0.193%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0631%	4h	0.1090	+0.310%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1981%	1h	0.1089	+0.140%	$25K	$3K	10x	as long as short