Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: HTX against gTrade (Gains Network)+0.065%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.065% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1546	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	1m 38s	$41K	—	150x
Short	HTX TRUMP-USDT	2.1560	0.0100	get 0.0050% / 4h	1h 01m	$500K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $19.26
Price spread: +0.065% → 0.000%: $6.45
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $3.71
Costs to cover: 0.220%
Break-even: 5.7 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	6.96 bp	18.6 bp −$19	47.4 bp −$474	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1659%	1h	2.1440	−0.492%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1531	−0.069%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0109%	1h	2.1535	−0.052%	$85	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1540	−0.028%	$7.6M	$50.6M	75x	as long as short
Lighter TRUMP	−0.0072%	1h	2.1545	−0.005%	$951K	$933K	10x	as long as short
Bybit TRUMPUSDT	−0.0026%	4h	2.1550	+0.018%	$30.7M	$48.9M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1556	+0.045%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1544	−0.010%	$405K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1546	long leg	$41K	—	150x
Paradex TRUMP-USD-PERP	+0.0013%	8h	2.1535	−0.049%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0044%	4h	2.1581	+0.161%	$661K	$475K	—	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1567	+0.098%	$105K	$264K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0066%	4h	2.1530	−0.075%	$4K	$228K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1551	+0.023%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1543	−0.015%	$424K	$830K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1549	+0.014%	$185K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1541	−0.026%	$61.5M	$240.1M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1550	+0.018%	$27.2M	$171.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1540	−0.028%	$413K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1560	+0.065%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1550	+0.018%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1550	+0.018%	$256K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1580	+0.157%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.018%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1560	+0.065%	$500K	$2.1M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1534	−0.055%	$74K	$747K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1530	−0.075%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1541	−0.021%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0291%	1h	2.1568	+0.103%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1520	−0.121%	$4.3M	$663K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1590	+0.204%	$280K	$282K	50x	as long as short