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 Bitget+0.091%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

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

costs, in and out, $10k−$440.441% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days−0.105%−$11 · spread now +0.091%, 7d avg +0.028%

Together, before fees−0.205%+ Points / potential airdropHyperliquid: Season 2 · farm board−$21 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 0.063% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.2030	0.0100	pay 0.0050% / 4h	2h 31m	$15.8M	$24.2M	75x
Short	Hyperliquid TRUMP	2.2050	0.0100	get 0.0013% / 1h	31m 18s	$14.7M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.028%: $6.31
Slippage, 4 orders: −$23.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.79
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.27 bp	10.2 bp −$10	17.0 bp −$170	60.8 bp −$6,083	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	−0.272%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2027	−0.015%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0024%	4h	2.2000	−0.136%	$7.8M	$49.0M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2026	−0.016%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2017	−0.059%	$414K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2023	−0.033%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2128	+0.446%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0073%	8h	2.2004	−0.116%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0078%	1h	2.2000	−0.136%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.2010	−0.091%	$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	2.1989	−0.186%	$978K	$789K	10x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.2050	+0.091%	$14.7M	$7.0M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.2021	−0.039%	$435K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2027	−0.015%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2000	−0.136%	$63.9M	$235.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2000	−0.136%	$31.5M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2000	−0.136%	$28.9M	$169.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2010	−0.091%	$438K	$146K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2030	0.000%	$4.0M	$11.0M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.2030	long leg	$15.8M	$24.2M	75x
Variational Omni TRUMP	+0.0100%	4h	2.2012	−0.084%	$694K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2016	−0.061%	$181K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2040	+0.045%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2050	+0.091%	$552K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1994	−0.162%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1996	−0.156%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2022	−0.035%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0310%	1h	2.2058	+0.127%	$258K	$320K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0513%	1h	2.2026	−0.020%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.726%	$288K	$307K	50x	as long as short