Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against HTX−0.155%7-day average — · you buy dearer than you sell

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

Long on HTX Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.155% cheaper against HTX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1840	0.0100	pay 0.0050% / 4h	3h 53m	$552K	$1.9M	50x
Short	gTrade (Gains Network) TRUMP/USD	2.1806	L +0.0008% / S −0.0007%	get 0.0001% / 1h	53m 40s	$41K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.155%Rate

Funding earned: −$19.62
Price spread: −0.155% → 0.000%: −$15.48
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$57.1
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. 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 HTX live order book, 5 min ago	4.57 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.1608%	1h	2.1730	−0.504%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1802	−0.175%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1797	−0.199%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1813	−0.124%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1806	−0.155%	$41K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.1825	−0.070%	$119K	$249K	20x	as long as short
Gate TRUMP_USDT	+0.0070%	4h	2.1800	−0.183%	$7.4M	$46.6M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1800	−0.183%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1778	−0.284%	$976K	$706K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1772	−0.311%	$5K	—	5x	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	2.1816	−0.108%	$454K	$836K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1785	−0.252%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1778	−0.284%	$62.6M	$227.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1770	−0.321%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	−0.321%	$27.0M	$152.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1780	−0.275%	$472K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1800	−0.183%	$4.0M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	−0.183%	$15.4M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1832	−0.036%	$636K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1816	−0.108%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	−0.046%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1805	−0.160%	$72	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1840	long leg	$552K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1796	−0.204%	$75K	$463K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1807	−0.150%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0174%	1h	2.1823	−0.078%	$14.1M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1805	−0.159%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1780	−0.275%	$4.2M	$629K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0441%	1h	2.1831	−0.041%	$255K	$284K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+1.007%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0789%	1h	2.1831	−0.043%	$1.3M	$2.5M	50x	as long as short