TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against HTX−0.069%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on HTX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.069%, 7d avg −0.086%

Together, before fees−0.097%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1560	0.0100	pay 0.0050% / 4h	2h 20m	$496K	$2.4M	50x
Short	GRVT TRUMP_USDT_Perp	2.1545	0.0020	get 0.0010% / 4h	2h 20m	$178K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$16.8
Price spread: −0.069% → −0.086%: $1.68
Slippage, 4 orders: −$44.31
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$80.44
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; GRVT: live order book, 1 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, 1 min ago	6.95 bp	20.7 bp −$21	137.2 bp −$1,372	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	2.32 bp	16.0 bp −$16	25.4 bp −$254	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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	−0.1841%	1h	2.1600	+0.186%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0390%	4h	2.1541	−0.090%	$669K	$403K	—	as long as short
Bybit TRUMPUSDT	−0.0380%	4h	2.1550	−0.046%	$31.3M	$49.8M	50x	as long as short
SoDEX TRUMP-USD	−0.0345%	1h	2.1545	−0.070%	$65	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0325%	4h	2.1540	−0.093%	$27.2M	$177.9M	50x	as long as short
Binance TRUMPUSDT	−0.0297%	4h	2.1540	−0.093%	$63.2M	$242.0M	75x	as long as short
Extended TRUMP-USD	−0.0296%	1h	2.1526	−0.158%	$74K	$494K	25x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1530	−0.139%	$931K	$979K	10x	as long as short
Gate TRUMP_USDT	−0.0272%	4h	2.1540	−0.093%	$7.8M	$48.5M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1573	+0.061%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.186%	$133K	$516K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0225%	8h	2.1530	−0.141%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0167%	1h	2.1554	−0.028%	$387K	$78K	10x	as long as short
edgeX TRUMPUSDC	−0.0150%	4h	2.1554	−0.026%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0120%	4h	2.1540	−0.093%	$4.2M	$10.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0080%	4h	2.1550	−0.046%	$5K	$314K	10x	as long as short
MEXC TRUMP_USDC	−0.0076%	4h	2.1520	−0.186%	$392K	$151K	125x	as long as short
BloFin TRUMP-USDT	−0.0059%	4h	2.1580	+0.093%	$4.3M	$680K	75x	as long as short
Bitget TRUMPUSDT	−0.0022%	4h	2.1550	−0.046%	$15.4M	$25.7M	75x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1575	+0.072%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1530	−0.139%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1563	+0.013%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1575	+0.069%	$1.3M	$2.2M	50x	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0020%	4h	2.1545	−0.069%	$178K	$4.2M	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1548	−0.056%	$13.7M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1544	−0.076%	$406K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1532	−0.132%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1590	+0.139%	$1K	$1.5M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1560	long leg	$496K	$2.4M	50x
Phemex TRUMPUSDT	+0.0100%	4h	2.1560	0.000%	$85K	$232K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0186% / S −0.0180%	1h	2.1559	−0.005%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0217%	1h	2.1579	+0.088%	$385K	$407K	10x	as long as short