Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h 0.000%

Price spread now: KuCoin against Hyperliquid+0.073%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$322as in the Price arb table

costs, in and out, $10k−$3283.282% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.073%, 7d avg +0.012%

Together, before fees+0.118%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.061% dearer against Hyperliquid than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MELANIA	0.1095	0.0100	pay 0.0013% / 1h	40m 37s	$1.7M	$207K	3x
Short	KuCoin MELANIAUSDTM	0.1096	0.0268	get 0.0134% / 4h	1h 40m	$445K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $35.28
Price spread: +0.073% → +0.012%: $6.06
Slippage, 4 orders: −$307.23
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$286.89
Costs to cover: 3.282%
Break-even: 63.9 days

Slippage from Hyperliquid: live order book, 10 min ago; KuCoin: live order book, 5 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, 10 min ago	2.29 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	9.11 bp	120.5 bp −$120	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
Hyperliquid MELANIAlong	+0.0100%	1h	0.1095	long leg	$1.7M	$207K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1095	+0.018%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1096	+0.119%	$1.5M	$732K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1095	−0.018%	$420K	$66K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1096	+0.037%	$1.2M	$136K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1095	−0.064%	$957K	$216K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1095	−0.009%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1095	−0.047%	$114K	$340	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1095	−0.018%	$250K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0106%	4h	0.1097	+0.201%	$200K	$6K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTMshort	+0.0268%	4h	0.1096	+0.073%	$445K	$1.4M	30x
Aster MELANIAUSDT	+0.0802%	4h	0.1095	−0.037%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1875%	1h	0.1094	−0.145%	$25K	$3K	10x	as long as short