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 0.000%

Price spread now: Bybit against HTX−0.092%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now −0.092%, 7d avg −0.098%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1780	0.0100	pay 0.0050% / 4h	2h 29m	$510K	$1.7M	50x
Short	Bybit TRUMPUSDT	2.1760	0.0100	get 0.0050% / 4h	2h 29m	$30.3M	$42.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.098%: $0.63
Slippage, 4 orders: −$38.11
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$60.48
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Bybit: 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	6.89 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.30 bp	8.2 bp −$8	23.6 bp −$236	212.5 bp −$21.2K	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	2.1640	−0.643%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1754	−0.120%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1781	+0.004%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1758	−0.102%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1773	−0.032%	$408K	$79K	10x	as long as short
Lighter TRUMP	+0.0008%	1h	2.1756	−0.110%	$969K	$658K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1768	−0.056%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1735	−0.205%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.1754	−0.118%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1760	−0.092%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1768	−0.054%	$456K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1763	−0.078%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1760	−0.092%	$61.9M	$215.5M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1760	−0.092%	$30.3M	$42.1M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	−0.092%	$26.5M	$147.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1760	−0.092%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1760	−0.092%	$478K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1760	−0.092%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	−0.046%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1734	−0.211%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1745	−0.163%	$186K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	0.000%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1765	−0.069%	$71	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1780	long leg	$510K	$1.7M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1762	−0.081%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1755	−0.113%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0131%	1h	2.1791	+0.051%	$14.0M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0170%	1h	2.1794	+0.064%	$260K	$260K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1762	−0.081%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1830	+0.230%	$280K	$398K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1740	−0.184%	$4.1M	$493K	75x	as long as short