Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: HTX against Gate+0.138%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.138%, 7d avg +0.086%

Together, before fees−0.059%−$6 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: HTX is 0.052% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1770	0.0100	pay 0.0050% / 4h	2h 01m	$7.3M	$46.8M	75x
Short	HTX TRUMP-USDT	2.1800	0.0100	get 0.0050% / 4h	2h 01m	$513K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.086%: $5.23
Slippage, 4 orders: −$42.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$63.83
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; HTX: 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 Gate live order book, 3 min ago	4.59 bp	13.9 bp −$14	31.6 bp −$316	72.3 bp −$7,231	doesn't fit
Sell HTX live order book, 3 min ago	6.88 bp	15.2 bp −$15	30.7 bp −$307	doesn't fit	doesn't fit

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	−0.1787%	1h	2.1760	−0.046%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1764	−0.027%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1807	+0.172%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0071%	1h	2.1782	+0.055%	$408K	$79K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1769	−0.004%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1782	+0.053%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1761	−0.043%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0084%	8h	2.1755	−0.069%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1770	0.000%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1769	−0.005%	$969K	$666K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1781	+0.051%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1782	+0.057%	$456K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1768	−0.011%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1756	−0.064%	$61.9M	$215.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1760	−0.046%	$30.4M	$42.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	−0.046%	$26.7M	$147.4M	50x	as long as short
Gate TRUMP_USDTlong	+0.0100%	4h	2.1770	long leg	$7.3M	$46.8M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1770	0.000%	$478K	$136K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1790	+0.092%	$4.7M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	0.000%	$15.4M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1764	−0.027%	$679K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1731	−0.177%	$178K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	+0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1775	+0.023%	$70	$6K	5x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1800	+0.138%	$513K	$1.7M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1753	−0.080%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1766	−0.021%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0149%	1h	2.1790	+0.092%	$261K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1778	+0.037%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.413%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	−0.092%	$4.2M	$501K	75x	as long as short