Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against Aster−0.023%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.023%, 7d avg +0.022%

Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$4 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 0.045% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.2048	0.0100	pay 0.0050% / 4h	2h 31m	$436K	$861K	20x
Short	Hyperliquid TRUMP	2.2043	0.0100	get 0.0013% / 1h	31m 45s	$14.7M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.022%: −$4.47
Slippage, 4 orders: −$23.87
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$45.34
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from Aster: live order book, 36 min ago; Hyperliquid: live order book, 11 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, 36 min ago	4.45 bp	9.8 bp −$10	22.2 bp −$222	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.68 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit

TRUMP on 30 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	−0.1623%	1h	2.1970	−0.354%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2072	+0.107%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0018%	4h	2.2020	−0.127%	$7.8M	$49.0M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2071	+0.106%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2068	+0.091%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2064	+0.074%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2128	+0.363%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0073%	8h	2.2069	+0.097%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0081%	1h	2.2050	+0.009%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.2060	+0.054%	$4K	$245K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2013	−0.159%	$979K	$789K	10x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.2043	−0.023%	$14.7M	$7.0M	10x
Aster TRUMPUSDTlong	+0.0100%	4h	2.2048	long leg	$436K	$861K	20x
Pacifica TRUMP	+0.0100%	1h	2.2076	+0.126%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2010	−0.173%	$63.9M	$235.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2010	−0.173%	$31.5M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2010	−0.173%	$28.9M	$169.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2020	−0.127%	$438K	$146K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2040	−0.036%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2030	−0.082%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2122	+0.334%	$697K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2136	+0.400%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2080	+0.145%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2100	+0.236%	$553K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2019	−0.131%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2045	−0.014%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2071	+0.102%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0310%	1h	2.2058	+0.045%	$258K	$320K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0511%	1h	2.2080	+0.144%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.644%	$288K	$307K	50x	as long as short