Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Gate−0.037%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1231.234% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.037%, 7d avg +0.092%

Together, before fees+0.204%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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 0.129% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MELANIA_USDT	0.1086	0.0100	pay 0.0050% / 4h	1h 34m	$405K	$121K	50x
Short	Hyperliquid MELANIA	0.1086	0.0100	get 0.0013% / 1h	34m 00s	$1.7M	$224K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.092%: −$12.86
Slippage, 4 orders: −$99.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$136.24
Costs to cover: 1.234%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; Hyperliquid: live order book, 7 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 Gate live order book, 7 min ago	20.24 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	5.05 bp	19.4 bp −$19	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
BloFin MELANIA-USDT	+0.0080%	4h	0.1086	+0.037%	$191K	$5K	75x	as long as short
Hyperliquid MELANIAshort	+0.0100%	1h	0.1086	−0.037%	$1.7M	$224K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1087	+0.083%	$2.9M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1087	+0.101%	$1.5M	$849K	20x	as long as short
Gate MELANIA_USDTlong	+0.0100%	4h	0.1086	long leg	$405K	$121K	50x
MEXC MELANIA_USDT	+0.0100%	4h	0.1087	+0.110%	$1.2M	$139K	100x	as long as short
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1085	−0.101%	$407K	$1.9M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1088	+0.147%	$933K	$238K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1087	+0.120%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1087	+0.125%	$112K	$672	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1085	−0.101%	$248K	—	3x	as long as short
Aster MELANIAUSDT	+0.0821%	4h	0.1087	+0.095%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1442%	1h	0.1086	−0.001%	$25K	$3K	10x	as long as short