data as of
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Price arb /

MELANIA

all MELANIA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$106
spread now−0.160%7d average−0.055%fees + slippage, in and out−$95spread needed0.953%
Long on BybitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MELANIAUSDT0.10630.0100pay 0.0050% / 4h2h 35m$1.4M$570K20x
ShortHyperliquid MELANIA0.10610.0100get 0.0013% / 1h35m 17s$1.6M$181K3x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$15.99
Funding while held
$0
Slippage, 4 orders
−$75.32
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$111.31
Spread needed to break even
0.953%
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago3.76 bp26.3 bp −$26176.5 bp −$1,765doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago2.84 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit

MELANIA price on every exchange

against the cheapest. Click to use as the short leg.
Kraken Futures0.1060cheapestAevo0.1060+0.011%Gate0.1060+0.049%KuCoin0.1061+0.105%
Hyperliquid0.1061+0.143%
Bitget0.1061+0.153%BloFin0.1062+0.162%Binance0.1062+0.237%Variational Omni0.1062+0.240%MEXC0.1062+0.247%BingX0.1063+0.256%Aster0.1063+0.275%
Bybit0.1063+0.304%

MELANIA on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_MELANIAUSD−0.303%−0.1345%1h$24K$65610xas long as short
Aevo MELANIA-PERP−0.292%+0.0104%1h$242K—3xas long as short
Gate MELANIA_USDT−0.254%−0.0090%4h$394K$57K50xas long as short
KuCoin MELANIAUSDTM−0.198%+0.0100%4h$379K$1.4M30xas long as short
Hyperliquid MELANIAshort−0.160%+0.0100%1h$1.6M$181K3x
Bitget MELANIAUSDT−0.151%+0.0100%4h$950K$202K50xas long as short
BloFin MELANIA-USDT−0.141%+0.0062%4h$197K$6K75xas long as short
Binance MELANIAUSDT−0.066%+0.0100%4h$2.9M$2.8M75xas long as short
Variational Omni MELANIA−0.063%+0.0100%4h$110K$1K—as long as short
MEXC MELANIA_USDT−0.056%+0.0100%4h$1.2M$131K100xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX MELANIA-USDT−0.047%+0.0100%4h—$1.4M—as long as short
Aster MELANIAUSDT−0.028%+0.0100%4h$21K$14K5xas long as short
Bybit MELANIAUSDTlong0.000%+0.0100%4h$1.4M$570K20x