Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.004%

Price spread now: Hyperliquid against Gate+0.120%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 7 days−0.127%−$13 · spread now +0.120%, 7d avg +0.013%

Together, before fees−0.261%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.107% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.133%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1710	0.0064	pay 0.0032% / 4h	2h 39m	$7.3M	$46.7M	75x
Short	Hyperliquid TRUMP	2.1736	0.0136	get 0.0017% / 1h	39m 12s	$14.0M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.120%Rate

Funding earned: $15.16
Price spread: +0.120% → +0.013%: $10.73
Slippage, 4 orders: −$22.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$20.73
Costs to cover: 0.466%
Break-even: 16.6 days

Slippage from Gate: live order book, 5 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 Gate live order book, 5 min ago	4.60 bp	14.7 bp −$15	35.2 bp −$352	67.8 bp −$6,776	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.23 bp	9.9 bp −$10	doesn't fit	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	2.1660	−0.230%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1709	−0.005%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1721	+0.050%	$1.0M	$2.1M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1715	+0.023%	$407K	$79K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1759	+0.224%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1718	+0.036%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0032%	1h	2.1691	−0.088%	$966K	$657K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1732	+0.102%	$118K	$243K	20x	as long as short
Gate TRUMP_USDTlong	+0.0064%	4h	2.1710	long leg	$7.3M	$46.7M	75x
Paradex TRUMP-USD-PERP	+0.0068%	8h	2.1708	−0.009%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TRUMP_USDC	+0.0080%	4h	2.1700	−0.046%	$477K	$133K	125x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1710	0.000%	$3K	$249K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1717	+0.033%	$456K	$843K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1744	+0.154%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1702	−0.035%	$61.8M	$215.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1710	0.000%	$30.2M	$42.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1710	0.000%	$26.5M	$146.7M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1720	+0.046%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1720	+0.046%	$15.3M	$20.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1725	+0.070%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1730	+0.092%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1730	+0.092%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1706	−0.018%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.092%	$509K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1707	−0.012%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1710	0.000%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0120%	1h	2.1821	+0.511%	$261K	$263K	10x	as long as short
Hyperliquid TRUMPshort	+0.0136%	1h	2.1736	+0.120%	$14.0M	$7.4M	10x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1714	+0.020%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1820	+0.507%	$281K	$397K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	−0.046%	$4.1M	$492K	75x	as long as short