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 −0.002%

Price spread now: Binance against HTX−0.174%7-day average −0.099% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.174%, 7d avg −0.099%

Together, before fees−0.106%−$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: Binance is 0.075% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.2060	0.0100	pay 0.0050% / 4h	2h 23m	$552K	$2.0M	50x
Short	Binance TRUMPUSDT	2.2022	0.0100	get 0.0050% / 4h	2h 23m	$64.0M	$235.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.099%: −$7.47
Slippage, 4 orders: −$42.02
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.48
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Binance: live order book, 5 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, 5 min ago	11.33 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.26 bp	7.3 bp −$7	15.2 bp −$152	44.3 bp −$4,433	198.2 bp −$99.1K

TRUMP on 30 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	−0.1623%	1h	2.1960	−0.453%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2001	−0.266%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0070%	4h	2.2010	−0.227%	$7.8M	$49.2M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2036	−0.109%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2019	−0.186%	$414K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2014	−0.207%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2025	−0.159%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.2010	−0.227%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0076%	1h	2.2015	−0.204%	$78	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.2000	−0.272%	$4K	$239K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2006	−0.245%	$979K	$790K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2032	−0.127%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2036	−0.110%	$436K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2019	−0.187%	$190K	$57K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.2022	−0.174%	$64.0M	$235.9M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2010	−0.227%	$31.6M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2020	−0.181%	$29.0M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2000	−0.272%	$438K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2030	−0.136%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2010	−0.227%	$15.8M	$24.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2081	+0.097%	$696K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2046	−0.061%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2040	−0.091%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.2060	long leg	$552K	$2.0M	50x
Extended TRUMP-USD	+0.0104%	1h	2.2004	−0.253%	$76K	$597K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2005	−0.249%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2009	−0.229%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0293%	1h	2.2049	−0.050%	$258K	$319K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2042	−0.082%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.589%	$288K	$307K	50x	as long as short