MELANIA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1647%/8h= +180.4% APRnext payment +$2.06 per $10,000 · paid last 24h −0.244%

Price spread now: Kraken Futures against Hyperliquid+0.051%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$49 a day on $10k at the current rate, and Kraken Futures is 0.051% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MELANIA	0.1097	0.0100	pay 0.0013% / 1h	20m 04s	$1.7M	$196K	3x
Short	Kraken Futures PF_MELANIAUSD	0.1097	0.1747	get 0.0218% / 1h	20m 04s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.051%Rate

Funding earned: $345.94
Price spread: +0.051% → 0.000%: $5.15
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: $332.09
Costs to cover: 0.190%
Break-even: 0.3 days

Slippage unknown: Hyperliquid: live order book, 11 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 11 min ago	2.27 bp	18.2 bp −$18	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: 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	+0.0079%	4h	0.1096	−0.091%	$196K	$6K	75x	as long as short
Hyperliquid MELANIAlong	+0.0100%	1h	0.1097	long leg	$1.7M	$196K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1097	−0.015%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1097	+0.064%	$1.5M	$778K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1093	−0.346%	$409K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1096	−0.055%	$1.2M	$136K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1097	−0.009%	$945K	$232K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1097	+0.009%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1097	+0.018%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1095	−0.155%	$250K	—	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MELANIAUSDTM	+0.0464%	4h	0.1096	−0.064%	$447K	$1.6M	30x	as long as short
Aster MELANIAUSDT	+0.0791%	4h	0.1096	−0.100%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSDshort	+0.1747%	1h	0.1097	+0.051%	$25K	$3K	10x