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−$99
spread now+0.019%7d average+0.054%fees + slippage, in and out−$96spread needed0.959%
Long on HyperliquidShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MELANIA0.10710.0100pay 0.0013% / 1h30m 12s$1.6M$190K3x
ShortBybit MELANIAUSDT0.10710.0100get 0.0050% / 4h3h 30m$1.4M$605K20x

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
$1.87
Funding while held
$0
Slippage, 4 orders
−$75.86
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$93.99
Spread needed to break even
0.959%
Slippage from Hyperliquid: live order book, 2 min ago; Bybit: live order book, 2 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 Hyperliquid live order book, 2 min ago2.34 bp17.1 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago4.20 bp24.7 bp −$25152.1 bp −$1,521doesn't fitdoesn't fit

MELANIA price on every exchange

against the cheapest. Click to use as the short leg.
Kraken Futures0.1065cheapestGate0.1070+0.436%KuCoin0.1070+0.464%Aevo0.1070+0.464%BingX0.1070+0.492%
Hyperliquid0.1071+0.521%
Aster0.1071+0.523%
Bybit0.1071+0.539%
MEXC0.1071+0.549%Bitget0.1071+0.549%BloFin0.1071+0.549%Binance0.1071+0.602%Variational Omni0.1072+0.611%

MELANIA on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_MELANIAUSD−0.518%−0.2824%1h$25K$65610xas long as short
Gate MELANIA_USDT−0.084%+0.0100%4h$398K$57K50xas long as short
KuCoin MELANIAUSDTM−0.056%+0.0100%4h$381K$1.5M30xas long as short
Aevo MELANIA-PERP−0.056%+0.0104%1h$245K—3xas long as short
BingX MELANIA-USDT−0.028%+0.0100%4h—$1.4M—as long as short
Hyperliquid MELANIAlong0.000%+0.0100%1h$1.6M$190K3x
Aster MELANIAUSDT+0.002%+0.0398%4h$21K$14K5xas long as short
Bybit MELANIAUSDTshort+0.019%+0.0100%4h$1.4M$605K20x
MEXC MELANIA_USDT+0.028%+0.0100%4h$1.2M$133K100xas long as short
Bitget MELANIAUSDT+0.028%+0.0100%4h$956K$214K50xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin MELANIA-USDT+0.028%+0.0153%4h$197K$9K75xas long as short
Binance MELANIAUSDT+0.081%+0.0100%4h$2.9M$2.8M75xas long as short
Variational Omni MELANIA+0.090%+0.0100%4h$111K$1K—as long as short