Funding arb · Price arb /

MELANIA

all MELANIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Hyperliquid+0.101%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$690.685% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.101%, 7d avg +0.070%

Together, before fees+0.023%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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: MEXC is 0.031% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MELANIA	0.1090	0.0100	pay 0.0013% / 1h	4m 56s	$1.7M	$224K	3x
Short	MEXC MELANIA_USDT	0.1091	0.0100	get 0.0050% / 4h	1h 04m	$1.2M	$141K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.070%: $3.12
Slippage, 4 orders: −$55.51
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$65.39
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; MEXC: live order book, 1 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 Hyperliquid live order book, 6 min ago	3.21 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.83 bp	15.5 bp −$16	52.5 bp −$525	93.4 bp −$9,336	255.4 bp −$127.7K

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	+0.0041%	4h	0.1091	+0.101%	$191K	$5K	75x	as long as short
Hyperliquid MELANIAlong	+0.0100%	1h	0.1090	long leg	$1.7M	$224K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1089	−0.073%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1090	+0.037%	$1.5M	$850K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1089	−0.073%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDTshort	+0.0100%	4h	0.1091	+0.101%	$1.2M	$141K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1089	−0.073%	$410K	$2.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1091	+0.083%	$936K	$241K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1091	+0.128%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.253%	$113K	$672	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MELANIA-PERP	+0.0104%	1h	0.1094	+0.391%	$250K	—	3x	as long as short
Aster MELANIAUSDT	+0.1021%	4h	0.1091	+0.101%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1436%	1h	0.1091	+0.096%	$25K	$3K	10x	as long as short