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

MELANIA

all MELANIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0591%/8h= −64.7% APRpaid last 24h −0.084%
Price spread now: Hyperliquid against Aster+0.003%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MELANIAUSDT0.11030.0691pay 0.0346% / 4h2h 25m$21K$15K5x
ShortHyperliquid MELANIA0.11030.0100get 0.0013% / 1h25m 42s$1.7M$209K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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
−$124.15
Price spread: +0.003% → 0.000%
$0.29
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$140.87
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 5 min ago1.82 bp23.1 bp −$23doesn't fitdoesn't fitdoesn't fit
Aster: 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 12 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
Hyperliquid MELANIAshort+0.0100%1h0.1103+0.003%$1.7M$209K3x
Binance MELANIAUSDT+0.0100%4h0.1101−0.115%$3.0M$3.1M75xas long as short
Bybit MELANIAUSDT+0.0100%4h0.1102−0.070%$1.5M$725K20xas long as short
Gate MELANIA_USDT+0.0100%4h0.1100−0.215%$424K$66K50xas long as short
MEXC MELANIA_USDT+0.0100%4h0.1101−0.169%$1.2M$137K100xas long as short
KuCoin MELANIAUSDTM+0.0100%4h0.1101−0.142%$406K$1.2M30xas long as short
Bitget MELANIAUSDT+0.0100%4h0.1100−0.206%$967K$214K50xas long as short
BingX MELANIA-USDT+0.0100%4h0.1100−0.188%$1.5Mas long as short
Variational Omni MELANIA+0.0100%4h0.1105+0.249%$114K$590as long as short
Aevo MELANIA-PERP+0.0104%1h0.1095−0.690%$250K3xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MELANIAUSDTlong+0.0691%4h0.1103long leg$21K$15K5x
Kraken Futures PF_MELANIAUSD+0.1494%1h0.1103+0.035%$25K$3K10xas long as short