TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against HTX−0.093%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.093%, 7d avg −0.089%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1520	0.0100	pay 0.0050% / 4h	3h 59m	$495K	$2.5M	50x
Short	Gate TRUMP_USDT	2.1500	−0.0096	pay 0.0048% / 4h	3h 59m	$7.7M	$49.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.093%Rate

Funding earned: −$41.16
Price spread: −0.093% → −0.089%: −$0.39
Slippage, 4 orders: −$37.29
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$105.84
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	6.99 bp	15.9 bp −$16	112.3 bp −$1,123	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.33 bp	12.9 bp −$13	25.1 bp −$251	69.4 bp −$6,938	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	−0.1797%	1h	2.1350	−0.790%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0404%	1h	2.1498	−0.102%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0283%	4h	2.1472	−0.223%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1492	−0.130%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0224%	4h	2.1500	−0.093%	$30.5M	$52.2M	50x	as long as short
Binance TRUMPUSDT	−0.0208%	4h	2.1500	−0.093%	$60.8M	$249.1M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1485	−0.163%	$74K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0199%	4h	2.1500	−0.093%	$26.9M	$183.8M	50x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1496	−0.112%	$940K	$988K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0127%	8h	2.1496	−0.110%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	−0.0122%	1h	2.1513	−0.033%	$405K	$65K	10x	as long as short
edgeX TRUMPUSDC	−0.0099%	4h	2.1442	−0.363%	$105K	$253K	20x	as long as short
Gate TRUMP_USDTshort	−0.0096%	4h	2.1500	−0.093%	$7.7M	$49.4M	75x
Orderly PERP_TRUMP_USDC	−0.0081%	4h	2.1490	−0.139%	$5K	$287K	10x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1517	−0.014%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	+0.0004%	4h	2.1500	−0.093%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	−0.022%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1485	−0.163%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0033%	4h	2.1470	−0.232%	$4.2M	$687K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1420	−0.465%	$167K	$480K	50x	as long as short
Bitget TRUMPUSDT	+0.0060%	4h	2.1510	−0.046%	$15.4M	$26.9M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1516	−0.019%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1522	+0.008%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1512	−0.037%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	−0.093%	$400K	$146K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1480	−0.187%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1520	long leg	$495K	$2.5M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1519	−0.004%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0293%	1h	2.1543	+0.107%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0597%	1h	2.1529	+0.041%	$1.3M	$2.3M	50x	as long as short