Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid−0.036%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1221.216% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.036%, 7d avg +0.065%

Together, before fees−0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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: Bitget is 0.101% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MELANIA	0.1104	0.0100	pay 0.0013% / 1h	22m 23s	$1.7M	$206K	3x
Short	Bitget MELANIAUSDT	0.1104	0.0100	get 0.0050% / 4h	1h 22m	$965K	$217K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.065%: −$10.14
Slippage, 4 orders: −$100.59
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$131.73
Costs to cover: 1.216%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 39 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, 8 min ago	2.27 bp	20.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 39 min ago	8.16 bp	34.5 bp −$35	155.2 bp −$1,552	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	+0.0096%	4h	0.1104	−0.081%	$200K	$6K	75x	as long as short
Hyperliquid MELANIAlong	+0.0100%	1h	0.1104	long leg	$1.7M	$206K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1105	+0.060%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1105	+0.091%	$1.5M	$742K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1101	−0.317%	$423K	$67K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1105	+0.009%	$1.2M	$137K	100x	as long as short
Bitget MELANIAUSDTshort	+0.0100%	4h	0.1104	−0.036%	$965K	$217K	50x
BingX MELANIA-USDT	+0.0100%	4h	0.1105	+0.100%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1101	−0.337%	$114K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1093	−1.030%	$250K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0410%	4h	0.1105	+0.054%	$448K	$1.4M	30x	as long as short
Aster MELANIAUSDT	+0.0901%	4h	0.1103	−0.118%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1858%	1h	0.1104	−0.066%	$25K	$3K	10x	as long as short