Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX+0.046%51s7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.729% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.046%, 7d avg −0.078%

Together, before fees−0.147%−$15 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: KuCoin is 0.124% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.078%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

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	15m 19s	$503K	$2.2M	50x
Short	KuCoin TRUMPUSDTM	2.1570	0.0100	get 0.0050% / 4h	15m 19s	$4.3M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.078%: $12.45
Slippage, 4 orders: −$48.9
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.45
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; KuCoin: live order book, 3 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	4.64 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.32 bp	19.0 bp −$19	72.0 bp −$720	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	−0.1690%	1h	2.1430	−0.603%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1552	−0.039%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0118%	1h	2.1535	−0.116%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0052%	4h	2.1560	0.000%	$7.6M	$51.0M	75x	as long as short
Lighter TRUMP	−0.0040%	1h	2.1544	−0.074%	$953K	$957K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1550	−0.046%	$406K	$72K	10x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1531	−0.133%	$665K	$488K	—	as long as short
Binance TRUMPUSDT	−0.0012%	4h	2.1567	+0.033%	$60.6M	$241.6M	75x	as long as short
Extended TRUMP-USD	−0.0008%	1h	2.1559	−0.004%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0005%	4h	2.1543	−0.081%	$105K	$265K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0002%	1h	2.1536	−0.113%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1564	+0.020%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0034%	8h	2.1556	−0.019%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1530	−0.139%	$4K	$204K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1525	−0.162%	$19K	—	3x	as long as short
Bybit TRUMPUSDT	+0.0087%	4h	2.1550	−0.046%	$30.5M	$49.6M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1598	+0.175%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1572	+0.058%	$423K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1554	−0.026%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1540	−0.093%	$27.2M	$173.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1570	+0.046%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1570	+0.046%	$4.3M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	+0.046%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1559	−0.005%	$252K	$318K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1561	+0.006%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1560	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1560	long leg	$503K	$2.2M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1568	+0.038%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1571	+0.049%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0230%	4h	2.1560	0.000%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1530	−0.139%	$278K	$279K	50x	as long as short