Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against HTX−0.225%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 3 days (all we have)+0.207%+$21 · spread now −0.225%, 7d avg −0.139%

Together, before fees−0.020%+ Points / potential airdropExtended: Active · farm board−$2 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: Extended is 0.086% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1860	0.0100	pay 0.0050% / 4h	3h 56m	$553K	$1.9M	50x
Short	Extended TRUMP-USD	2.1811	0.0104	get 0.0013% / 1h	56m 31s	$75K	$463K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.225%Rate

Funding earned: $0.84
Price spread: −0.225% → −0.139%: −$8.59
Slippage, 4 orders: −$43.68
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$68.43
Costs to cover: 0.607%
Break-even: 577.2 days

Slippage from HTX: live order book, 2 min ago; Extended: live order book, 16 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, 2 min ago	4.57 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	6.88 bp	9.9 bp −$10	32.8 bp −$328	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	−0.1608%	1h	2.1730	−0.595%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1772	−0.403%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1812	−0.220%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1816	−0.201%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1826	−0.155%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1848	−0.054%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1810	−0.229%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1821	−0.178%	$978K	$705K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1814	−0.210%	$5K	—	5x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1835	−0.114%	$14.1M	$7.6M	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	2.1813	−0.216%	$454K	$836K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1827	−0.149%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1820	−0.183%	$62.7M	$226.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1790	−0.320%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	−0.366%	$27.1M	$152.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	−0.183%	$7.4M	$46.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1790	−0.320%	$472K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1800	−0.274%	$4.2M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	−0.320%	$15.5M	$21.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.009%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1888	+0.129%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1850	−0.046%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1809	−0.233%	$74	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1860	long leg	$553K	$1.9M	50x
Extended TRUMP-USDshort	+0.0104%	1h	2.1811	−0.225%	$75K	$463K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1817	−0.196%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1831	−0.133%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1810	−0.229%	$4.2M	$631K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0392%	1h	2.1829	−0.142%	$255K	$284K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+0.915%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0789%	1h	2.1836	−0.109%	$1.3M	$2.5M	50x	as long as short