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: Hyperliquid against Kraken Futures−0.079%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Hyperliquid

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 against this trade now: funding costs −$49 a day on $10k at the current rate, and Hyperliquid is 0.079% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MELANIAUSD	0.1097	0.1747	pay 0.0218% / 1h	19m 44s	$25K	$3K	10x
Short	Hyperliquid MELANIA	0.1096	0.0100	get 0.0013% / 1h	19m 44s	$1.7M	$196K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$345.94
Price spread: −0.079% → 0.000%: −$7.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$372.82
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 11 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	2.27 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit

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	−0.143%	$196K	$6K	75x	as long as short
Hyperliquid MELANIAshort	+0.0100%	1h	0.1096	−0.079%	$1.7M	$196K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1097	−0.050%	$3.0M	$3.2M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1097	+0.012%	$1.5M	$778K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1093	−0.398%	$409K	$101K	50x	as long as short
MEXC MELANIA_USDT	+0.0100%	4h	0.1097	−0.061%	$1.2M	$136K	100x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1096	−0.070%	$945K	$232K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1098	+0.067%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1097	−0.034%	$113K	$672	—	as long as short
Aevo MELANIA-PERP	+0.0104%	1h	0.1095	−0.206%	$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	+0.0472%	4h	0.1096	−0.115%	$449K	$1.6M	30x	as long as short
Aster MELANIAUSDT	+0.0791%	4h	0.1096	−0.152%	$21K	$15K	5x	as long as short
Kraken Futures PF_MELANIAUSDlong	+0.1747%	1h	0.1097	long leg	$25K	$3K	10x