Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against HTX+0.077%53s7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$700.705% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.077%, 7d avg −0.075%

Together, before fees−0.111%+ Points / potential airdropAster: Stage 5 · farm board−$11 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: Aster is 0.151% dearer against HTX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.075%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1570	0.0100	pay 0.0050% / 4h	0m 22s	$503K	$2.2M	50x
Short	Aster TRUMPUSDT	2.1587	0.0100	get 0.0050% / 4h	0m 22s	$423K	$793K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → −0.075%: $15.14
Slippage, 4 orders: −$50.48
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$55.34
Costs to cover: 0.705%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Aster: live order book, 57 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 HTX live order book, 3 min ago	6.98 bp	28.9 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	6.98 bp	12.4 bp −$12	24.6 bp −$246	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	−0.1690%	1h	2.1390	−0.834%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	+0.007%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0063%	1h	2.1559	−0.051%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0046%	4h	2.1580	+0.046%	$7.6M	$51.2M	75x	as long as short
Binance TRUMPUSDT	−0.0025%	4h	2.1580	+0.046%	$60.7M	$243.3M	75x	as long as short
Extended TRUMP-USD	−0.0024%	1h	2.1559	−0.051%	$74K	$721K	25x	as long as short
Variational Omni TRUMP	−0.0021%	4h	2.1561	−0.041%	$666K	$488K	—	as long as short
edgeX TRUMPUSDC	−0.0012%	4h	2.1471	−0.460%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	2.1566	−0.019%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1565	−0.023%	$406K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0008%	1h	2.1574	+0.019%	$955K	$958K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1585	+0.068%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0037%	8h	2.1567	−0.015%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0043%	4h	2.1570	0.000%	$4K	$187K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1570	0.000%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1591	+0.097%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1587	+0.077%	$423K	$793K	20x
Pacifica TRUMP	+0.0100%	1h	2.1581	+0.049%	$186K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1580	+0.046%	$30.5M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1580	+0.046%	$27.3M	$174.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1570	0.000%	$405K	$152K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1590	+0.093%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1590	+0.093%	$15.6M	$25.7M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1593	+0.107%	$342K	$368K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1500	−0.325%	$183K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1590	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1570	long leg	$503K	$2.2M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1586	+0.075%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0217%	4h	2.1580	+0.046%	$4.2M	$683K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1590	+0.095%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1520	−0.232%	$278K	$276K	50x	as long as short