Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Hyperliquid+0.009%7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1181.179% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.009%, 7d avg −0.089%

Together, before fees−0.224%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 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: Gate is 0.099% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MELANIA	0.1082	0.0100	pay 0.0013% / 1h	17m 55s	$1.7M	$195K	3x
Short	Gate MELANIA_USDT	0.1082	0.0100	get 0.0050% / 4h	2h 17m	$421K	$65K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.089%: $9.85
Slippage, 4 orders: −$93.89
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$108.04
Costs to cover: 1.179%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	1.40 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	22.29 bp	42.2 bp −$42	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	−0.0951%	1h	0.1076	−0.497%	$25K	$3K	10x	as long as short
BloFin MELANIA-USDT	+0.0060%	4h	0.1076	−0.508%	$196K	$6K	75x	as long as short
Hyperliquid MELANIAlong	+0.0100%	1h	0.1082	long leg	$1.7M	$195K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1079	−0.249%	$3.0M	$2.9M	75x	as long as short
Gate MELANIA_USDTshort	+0.0100%	4h	0.1082	+0.009%	$421K	$65K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1083	+0.139%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1081	−0.065%	$385K	$834K	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1085	+0.342%	$969K	$205K	50x	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1078	−0.359%	$246K	—	3x	as long as short
Variational Omni MELANIA	+0.0121%	4h	0.1077	−0.472%	$111K	$1K	—	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	+0.0454%	4h	0.1085	+0.277%	—	$1.5M	—	as long as short
Bybit MELANIAUSDT	+0.0474%	4h	0.1084	+0.240%	$1.5M	$644K	20x	as long as short
Aster MELANIAUSDT	+0.0794%	4h	0.1081	−0.018%	$21K	$16K	5x	as long as short