Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.023%

Price spread now: GMX against HTX−0.039%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 GMX

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

Funding pays, the price is against you. GMX is 0.039% cheaper against HTX than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1930	0.0100	pay 0.0050% / 4h	1h 20m	$532K	$1.8M	50x
Short	GMX TRUMP/USD [ETH-USDC]	2.1921	L +0.0216% / S −0.0188%	get 0.0023% / 1h	20m 57s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $18.46
Price spread: −0.039% → 0.000%: −$3.88
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$9.41
Costs to cover: 0.240%
Break-even: 10.6 days

Slippage unknown: HTX: live order book, 3 min ago; GMX: 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, 3 min ago	11.41 bp	33.6 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1472%	1h	2.1810	−0.547%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1902	−0.127%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1927	−0.014%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1923	−0.032%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1916	−0.065%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1878	−0.236%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1910	−0.091%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.1915	−0.066%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1915	−0.068%	$975K	$682K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1921	−0.041%	$14.1M	$7.4M	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	2.1920	−0.043%	$456K	$833K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1934	+0.016%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1910	−0.091%	$62.5M	$219.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	−0.091%	$30.5M	$43.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	−0.091%	$26.9M	$150.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	−0.091%	$7.4M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	−0.137%	$481K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	−0.046%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	−0.046%	$15.5M	$21.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.354%	$687K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1945	+0.067%	$179K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1940	+0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1916	−0.064%	$72	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1930	long leg	$532K	$1.8M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1901	−0.133%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1909	−0.095%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.1921	−0.039%	$10K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	2.1920	−0.046%	$4.2M	$516K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0373%	1h	2.1929	−0.005%	$262K	$273K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	−0.046%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1948	+0.081%	$1.3M	$2.5M	50x	as long as short