MELANIA

Alert

Funding spread now, next payment 18:00 UTC−0.1449%/8h

next payment, per $10,000−$1.81paid, last 24h−0.465%paid, last 4 days−0.596%to open and closeno order book

Long on Hyperliquid Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MELANIA	0.1058	0.0100	pay 0.0013% / 1h	14m 10s	$1.6M	$181K	3x
Short	Kraken Futures PF_MELANIAUSD	0.1057	−0.1349	pay 0.0169% / 1h	14m 10s	$24K	$682	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersRate

Funding earned: −$304.23
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$323.23
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.087%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hyperliquid live order book, 8 min ago	1.89 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MELANIAUSDshort	−0.1349%	1h	$24K	$682	10x
Gate MELANIA_USDT	−0.0438%	4h	$393K	$58K	50x	as long as short
KuCoin MELANIAUSDTM	−0.0132%	4h	$377K	$1.4M	30x	as long as short
Hyperliquid MELANIAlong	+0.0100%	1h	$1.6M	$181K	3x
Aster MELANIAUSDT	+0.0100%	4h	$21K	$14K	5x	as long as short
Binance MELANIAUSDT	+0.0100%	4h	$2.9M	$2.8M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	$1.4M	$556K	20x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	$1.2M	$133K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	$950K	$203K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MELANIA	+0.0100%	4h	$110K	$1K	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	$243K	—	3x	as long as short
BloFin MELANIA-USDT	+0.0137%	4h	$197K	$6K	75x	as long as short