Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.028%

Price spread now: HTX against GMX+0.043%7-day average — · you sell dearer than you buy

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

Long on GMX 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

The price spread pays, funding is against you. HTX is 0.043% dearer against GMX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1501	L +0.0137% / S −0.0099%	pay 0.0017% / 1h	17m 23s	$9K	—	100x
Short	HTX TRUMP-USDT	2.1510	0.0100	get 0.0050% / 4h	1h 17m	$483K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$7.68
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.34
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 1 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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	6.97 bp	16.5 bp −$16	23.4 bp −$234	doesn't fit	doesn't fit

GMX: 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	−0.1927%	1h	2.1380	−0.561%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1477	−0.112%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0170%	4h	2.1480	−0.096%	$60.7M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1474	−0.124%	$74K	$521K	25x	as long as short
Variational Omni TRUMP	−0.0140%	4h	2.1451	−0.230%	$661K	$424K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1510	+0.044%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0089%	4h	2.1485	−0.073%	$105K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0088%	4h	2.1480	−0.096%	$26.6M	$185.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0056%	4h	2.1470	−0.143%	$5K	$249K	10x	as long as short
Gate TRUMP_USDT	−0.0042%	4h	2.1480	−0.096%	$7.7M	$53.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0029%	8h	2.1477	−0.108%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0020%	4h	2.1480	−0.096%	$30.5M	$52.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0007%	1h	2.1484	−0.078%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1492	−0.042%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1488	−0.059%	$405K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1503	+0.009%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1468	−0.151%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0063%	4h	2.1470	−0.143%	$4.1M	$702K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1484	−0.078%	$939K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1507	+0.029%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1496	−0.024%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1493	−0.036%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	−0.096%	$399K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	−0.050%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1490	−0.050%	$15.3M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1480	−0.097%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	−0.003%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1510	+0.043%	$483K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]long	L +0.0137% / S −0.0099%	1h	2.1501	long leg	$9K	—	100x
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1490	−0.050%	$187K	$445K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0421%	1h	2.1526	+0.118%	$381K	$417K	10x	as long as short