Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin−0.192%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3023.018% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 7 days+0.218%+$22 · spread now −0.192%, 7d avg −0.011%

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 0.181% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MELANIAUSDTM	0.1093	0.0100	pay 0.0050% / 4h	3h 04m	$414K	$1.2M	30x
Short	Hyperliquid MELANIA	0.1091	0.0100	get 0.0013% / 1h	4m 58s	$1.7M	$199K	3x

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

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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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now −0.192%Rate

Funding earned: $0
Price spread: −0.192% → −0.011%: −$18.12
Slippage, 4 orders: −$280.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$319.89
Costs to cover: 3.018%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 6 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 KuCoin live order book, 5 min ago	13.70 bp	123.4 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.37 bp	25.3 bp −$25	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	+0.0047%	4h	0.1093	0.000%	$197K	$6K	75x	as long as short
Hyperliquid MELANIAshort	+0.0100%	1h	0.1091	−0.192%	$1.7M	$199K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1092	−0.055%	$3.0M	$3.0M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1093	+0.037%	$1.5M	$658K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1091	−0.146%	$418K	$58K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1092	−0.073%	$1.2M	$138K	100x	as long as short
KuCoin MELANIAUSDTMlong	+0.0100%	4h	0.1093	long leg	$414K	$1.2M	30x
Bitget MELANIAUSDT	+0.0100%	4h	0.1092	−0.091%	$958K	$205K	50x	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.004%	$113K	$590	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1095	+0.183%	$250K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MELANIA-USDT	+0.0106%	4h	0.1093	−0.037%	—	$1.5M	—	as long as short
Aster MELANIAUSDT	+0.0762%	4h	0.1094	+0.068%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.0974%	1h	0.1092	−0.131%	$25K	$3K	10x	as long as short