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: Hyperliquid against MEXC−0.092%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

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

Long on MEXC Short on Hyperliquid

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+0.032%+$3 · spread now −0.092%, 7d avg −0.070%

Together, before fees−0.032%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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: Hyperliquid is 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 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	MEXC MELANIA_USDT	0.1090	0.0100	pay 0.0050% / 4h	1h 04m	$1.2M	$141K	100x
Short	Hyperliquid MELANIA	0.1089	0.0100	get 0.0013% / 1h	4m 38s	$1.7M	$224K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.070%: −$2.2
Slippage, 4 orders: −$55.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$70.71
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Hyperliquid: live order book, 6 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 MEXC live order book, 1 min ago	1.83 bp	16.7 bp −$17	50.4 bp −$504	88.2 bp −$8,821	doesn't fit
Sell Hyperliquid live order book, 6 min ago	3.21 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit

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	+0.110%	$191K	$5K	75x	as long as short
Hyperliquid MELANIAshort	+0.0100%	1h	0.1089	−0.092%	$1.7M	$224K	3x
Binance MELANIAUSDT	+0.0100%	4h	0.1089	−0.028%	$3.0M	$3.4M	75x	as long as short
Bybit MELANIAUSDT	+0.0100%	4h	0.1089	−0.073%	$1.5M	$850K	20x	as long as short
Gate MELANIA_USDT	+0.0100%	4h	0.1088	−0.119%	$406K	$121K	50x	as long as short
MEXC MELANIA_USDTlong	+0.0100%	4h	0.1090	long leg	$1.2M	$141K	100x
KuCoin MELANIAUSDTM	+0.0100%	4h	0.1088	−0.156%	$410K	$2.0M	30x	as long as short
Bitget MELANIAUSDT	+0.0100%	4h	0.1089	−0.055%	$935K	$241K	50x	as long as short
BingX MELANIA-USDT	+0.0100%	4h	0.1089	−0.037%	—	$1.5M	—	as long as short
Variational Omni MELANIA	+0.0100%	4h	0.1093	+0.262%	$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	+0.400%	$250K	—	3x	as long as short
Aster MELANIAUSDT	+0.1019%	4h	0.1091	+0.110%	$21K	$17K	5x	as long as short
Kraken Futures PF_MELANIAUSD	+0.1436%	1h	0.1091	+0.105%	$25K	$3K	10x	as long as short