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: MEXC against Hyperliquid+0.120%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$880.885% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.120%, 7d avg +0.070%

Together, before fees+0.046%+ 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: MEXC is 0.050% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MELANIA	0.1088	0.0100	pay 0.0013% / 1h	6m 52s	$1.7M	$201K	3x
Short	MEXC MELANIA_USDT	0.1089	0.0100	get 0.0050% / 4h	6m 52s	$1.2M	$138K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → +0.070%: $4.97
Slippage, 4 orders: −$75.47
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$83.5
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; MEXC: 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, 4 min ago	1.38 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	3.22 bp	33.0 bp −$33	54.2 bp −$542	119.9 bp −$12.0K	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	0.1088	long leg	$1.7M	$201K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1088	+0.064%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	+0.074%	$1.5M	$680K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1084	−0.331%	$421K	$62K	50x	as long as short
MEXC MELANIA_USDTshort	+0.0100%	4h	0.1089	+0.120%	$1.2M	$138K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1086	−0.156%	$397K	$1.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1087	−0.092%	$963K	$216K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	+0.110%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1086	−0.175%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1080	−0.686%	$247K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MELANIA-USDT	+0.0159%	4h	0.1087	−0.028%	$196K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0502%	4h	0.1086	−0.138%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1981%	1h	0.1089	+0.098%	$25K	$3K	10x	as long as short