MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0872%/8h= −95.5% APRnext payment −$1.09 per $10,000 · paid last 24h +0.365%

Price spread now: Hyperliquid against Kraken Futures−0.050%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Hyperliquid is 0.050% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MELANIAUSD	0.1094	0.0972	pay 0.0121% / 1h	14m 41s	$25K	$3K	10x
Short	Hyperliquid MELANIA	0.1093	0.0100	get 0.0013% / 1h	14m 41s	$1.7M	$199K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$183.12
Price spread: −0.050% → 0.000%: −$5.03
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$207.14
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	1.38 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0070%	4h	0.1094	+0.032%	$197K	$6K	75x	as long as short
Hyperliquid MELANIAshort	+0.0100%	1h	0.1093	−0.050%	$1.7M	$199K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1094	+0.034%	$3.0M	$3.0M	75x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.416%	$417K	$57K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1094	+0.014%	$1.2M	$137K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1093	−0.069%	$418K	$1.1M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1091	−0.233%	$957K	$205K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1095	+0.114%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	−0.043%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1092	−0.122%	$250K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MELANIAUSDT	+0.0156%	4h	0.1095	+0.096%	$1.5M	$655K	20x	as long as short
Aster MELANIAUSDT	+0.0693%	4h	0.1090	−0.379%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSDlong	+0.0972%	1h	0.1094	long leg	$25K	$3K	10x