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: Hyperliquid against MEXC−0.119%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

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

Long on MEXC Short on Hyperliquid

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+0.017%+$2 · spread now −0.119%, 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: Hyperliquid is 0.050% cheaper against MEXC than usual: you would sell low and buy high, −$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	MEXC MELANIA_USDT	0.1089	0.0100	pay 0.0050% / 4h	6m 51s	$1.2M	$138K	100x
Short	Hyperliquid MELANIA	0.1088	0.0100	get 0.0013% / 1h	6m 51s	$1.7M	$201K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.070%: −$4.95
Slippage, 4 orders: −$75.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$93.42
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 4 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 MEXC live order book, 3 min ago	3.22 bp	16.1 bp −$16	55.3 bp −$553	124.0 bp −$12.4K	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.38 bp	25.6 bp −$26	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 MELANIAshort	+0.0100%	1h	0.1088	−0.119%	$1.7M	$201K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1088	−0.055%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	−0.046%	$1.5M	$680K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1084	−0.450%	$421K	$62K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1089	long leg	$1.2M	$138K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1086	−0.275%	$397K	$1.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1087	−0.211%	$963K	$216K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	−0.009%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1086	−0.295%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1080	−0.804%	$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	−0.147%	$196K	$6K	75x	as long as short
Aster MELANIAUSDT	+0.0502%	4h	0.1086	−0.257%	$21K	$16K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1981%	1h	0.1089	−0.022%	$25K	$3K	10x	as long as short