Settings8H · net · $10k
Funding arb · Price arb /

MELANIA

all MELANIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Hyperliquid against KuCoin0.000%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$295as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2782.783% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.170%−$17 on $10k
Price spread, last 7 days+0.018%+$2 · spread now 0.000%, 7d avg −0.011%
Together, before fees−0.151%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MELANIAUSDTM0.10860.0100pay 0.0050% / 4h0m 21s$407K$2.1M30x
ShortHyperliquid MELANIA0.10860.0100get 0.0013% / 1h0m 21s$1.7M$224K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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

Funding earned
$0
Price spread: 0.000% → −0.011%
$1.07
Slippage, 4 orders
−$257.3
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$277.23
Costs to cover
2.783%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 6 min ago9.21 bp94.3 bp −$94doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago2.76 bp21.5 bp −$21doesn't fitdoesn't fitdoesn't fit

MELANIA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MELANIA-USDT+0.0081%4h0.1087+0.120%$189K$5K75xas long as short
Hyperliquid MELANIAshort+0.0100%1h0.10860.000%$1.7M$224K3x
Binance MELANIAUSDT+0.0100%4h0.1087+0.072%$2.9M$3.4M75xas long as short
Bybit MELANIAUSDT+0.0100%4h0.1087+0.092%$1.5M$854K20xas long as short
Gate MELANIA_USDT+0.0100%4h0.1085−0.101%$409K$124K50xas long as short
MEXC MELANIA_USDT+0.0100%4h0.1086+0.046%$1.2M$143K100xas long as short
KuCoin MELANIAUSDTMlong+0.0100%4h0.1086long leg$407K$2.1M30x
Bitget MELANIAUSDT+0.0100%4h0.1087+0.138%$933K$249K50xas long as short
BingX MELANIA-USDT+0.0100%4h0.1087+0.138%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1088+0.148%$112K$672as long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo MELANIA-PERP+0.0104%1h0.1078−0.692%$247K3xas long as short
Aster MELANIAUSDT+0.0633%4h0.1086+0.018%$21K$17K5xas long as short
Kraken Futures PF_MELANIAUSD+0.1009%1h0.1088+0.225%$25K$3K10xas long as short