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 +0.005%

Price spread now: Hyperliquid against Binance−0.003%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.003%, 7d avg +0.022%

Together, before fees+0.038%+ Points / potential airdropHyperliquid: 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 0.025% cheaper against Binance than usual: you would sell low and buy high, −$3 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	Binance TRUMPUSDT	2.2038	0.0100	pay 0.0050% / 4h	2h 29m	$64.0M	$235.8M	75x
Short	Hyperliquid TRUMP	2.2037	0.0100	get 0.0013% / 1h	29m 42s	$14.3M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.022%: −$2.54
Slippage, 4 orders: −$16.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$38.17
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Hyperliquid: live order book, 3 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 Binance live order book, 14 min ago	2.25 bp	7.7 bp −$8	13.8 bp −$138	40.4 bp −$4,037	249.9 bp −$124.9K
Sell Hyperliquid live order book, 3 min ago	0.90 bp	10.1 bp −$10	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	−0.307%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2002	−0.164%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0040%	4h	2.2020	−0.080%	$7.8M	$49.0M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1986	−0.232%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2013	−0.112%	$414K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2009	−0.130%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2128	+0.410%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0073%	8h	2.1975	−0.285%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0079%	1h	2.2025	−0.058%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1990	−0.216%	$4K	$243K	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	2.1999	−0.176%	$979K	$789K	10x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.2037	−0.003%	$14.3M	$7.2M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.2032	−0.027%	$436K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1995	−0.193%	$189K	$57K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.2038	long leg	$64.0M	$235.8M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2030	−0.035%	$31.5M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2020	−0.080%	$29.0M	$170.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2030	−0.035%	$438K	$146K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2050	+0.056%	$4.0M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2040	+0.010%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2012	−0.118%	$694K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2016	−0.096%	$181K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2030	−0.035%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2040	+0.010%	$552K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2029	−0.039%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2005	−0.148%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2008	−0.133%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0301%	1h	2.2060	+0.101%	$258K	$320K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2053	+0.069%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.691%	$288K	$307K	50x	as long as short