Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.035%

Price spread now: HTX against dYdX+0.018%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRUMP-USD	2.2216	0	get 0.0000% / 1h	1m 47s	$28K	$512	5x
Short	HTX TRUMP-USDT	2.2220	0.0100	get 0.0050% / 4h	3h 01m	$576K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $21
Price spread: +0.018% → 0.000%: $1.8
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $0.8
Costs to cover: 0.220%
Break-even: 6.7 days

Slippage unknown: dYdX: no order-book sample; HTX: live order book, 2 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	2.24 bp	54.8 bp −$55	87.1 bp −$871	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.2180	−0.162%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2161	−0.246%	$5	—	10x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.2216	long leg	$28K	$512	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2185	−0.140%	$416K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2195	−0.095%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2432	+0.972%	$109K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.2167	−0.222%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0093%	4h	2.2180	−0.162%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2139	−0.347%	$982K	$784K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2184	−0.144%	$14.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.2149	−0.300%	$462K	$837K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2231	+0.068%	$193K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2162	−0.244%	$64.0M	$229.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2140	−0.342%	$31.4M	$46.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2150	−0.297%	$28.7M	$163.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2150	−0.297%	$7.9M	$49.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2130	−0.387%	$477K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2150	−0.297%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2170	−0.207%	$16.0M	$23.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	+0.472%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+0.707%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2180	−0.162%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2155	−0.275%	$82	$6K	5x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.2220	+0.018%	$576K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.2130	−0.388%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2237	+0.095%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2195	−0.095%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2210	−0.027%	$4.3M	$675K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0444%	1h	2.2170	−0.207%	$259K	$305K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2230	+0.063%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0777%	1h	2.2182	−0.153%	$1.3M	$2.6M	50x	as long as short