Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Aster+0.092%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.092%, 7d avg +0.076%

Together, before fees+0.062%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1820	0.0100	pay 0.0050% / 4h	3h 54m	$454K	$836K	20x
Short	HTX TRUMP-USDT	2.1840	0.0100	get 0.0050% / 4h	3h 54m	$552K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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 AsterbpFee HTXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.076%: $1.62
Slippage, 4 orders: −$39.84
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$58.22
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from Aster: live order book, 19 min ago; HTX: live order book, 5 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 Aster live order book, 19 min ago	4.58 bp	8.9 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	4.57 bp	16.8 bp −$17	40.0 bp −$400	doesn't fit	doesn't fit

TRUMP on 31 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
Injective TRUMP/USDC PERP	−0.1608%	1h	2.1730	−0.412%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1802	−0.083%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1790	−0.137%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1813	−0.031%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1806	−0.063%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1825	+0.022%	$119K	$249K	20x	as long as short
Gate TRUMP_USDT	+0.0070%	4h	2.1800	−0.091%	$7.4M	$46.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1800	−0.091%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1804	−0.073%	$977K	$706K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1811	−0.042%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDTlong	+0.0100%	4h	2.1820	long leg	$454K	$836K	20x
Pacifica TRUMP	+0.0100%	1h	2.1801	−0.088%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1800	−0.091%	$62.7M	$227.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	−0.091%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	+0.001%	$27.0M	$152.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1810	−0.045%	$473K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	−0.045%	$4.1M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1810	−0.045%	$15.4M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1832	+0.056%	$636K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1816	−0.016%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.046%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1805	−0.068%	$72	$6K	5x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1840	+0.092%	$552K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1801	−0.087%	$75K	$463K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1807	−0.058%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0190%	1h	2.1836	+0.074%	$14.1M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1805	−0.067%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1780	−0.183%	$4.2M	$629K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0441%	1h	2.1831	+0.051%	$255K	$284K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+1.101%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0789%	1h	2.1831	+0.049%	$1.3M	$2.5M	50x	as long as short