Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against HTX0.000%50s7-day average −0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as 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−$480.478% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now 0.000%, 7d avg −0.142%

Together, before fees−0.377%−$38 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: MEXC is 0.142% dearer against HTX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.142%. The two prices were read 50 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	2.1460	0.0100	pay 0.0050% / 4h	1h 03m	$482K	$2.5M	50x
Short	MEXC TRUMP_USDC	2.1460	0.0100	get 0.0050% / 4h	1h 03m	$399K	$151K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.142%: $14.16
Slippage, 4 orders: −$35.77
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.61
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; MEXC: live order book, 31 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	6.98 bp	15.2 bp −$15	68.5 bp −$685	doesn't fit	doesn't fit
Sell MEXC live order book, 31 min ago	4.69 bp	5.8 bp −$6	19.7 bp −$197	132.1 bp −$13.2K	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	−0.1927%	1h	2.1340	−0.559%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1456	−0.019%	$404K	$81K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1452	−0.040%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0162%	4h	2.1452	−0.039%	$60.6M	$250.6M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1459	−0.005%	$74K	$521K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0111%	4h	2.1460	0.000%	$26.6M	$184.5M	50x	as long as short
Variational Omni TRUMP	−0.0107%	4h	2.1501	+0.192%	$664K	$423K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1478	+0.084%	$1.3M	$2.3M	50x	as long as short
SoDEX TRUMP-USD	−0.0094%	1h	2.1445	−0.070%	$82	$6K	5x	as long as short
edgeX TRUMPUSDC	−0.0079%	4h	2.1476	+0.072%	$105K	$255K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0062%	4h	2.1470	+0.047%	$7.7M	$53.8M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0053%	4h	2.1460	0.000%	$5K	$260K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0030%	8h	2.1458	−0.010%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0025%	4h	2.1470	+0.047%	$30.6M	$52.5M	50x	as long as short
dYdX TRUMP-USD	−0.0001%	1h	2.1468	+0.038%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1464	+0.019%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1452	−0.036%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0080%	1h	2.1459	−0.005%	$938K	$1.0M	10x	as long as short
BloFin TRUMP-USDT	+0.0081%	4h	2.1470	+0.047%	$4.1M	$702K	75x	as long as short
KuCoin TRUMPUSDTM	+0.0086%	4h	2.1470	+0.047%	$4.2M	$11.0M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1481	+0.098%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1470	+0.047%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1482	+0.103%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1460	0.000%	$399K	$151K	125x
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	+0.047%	$15.3M	$26.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1460	0.000%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1460	long leg	$482K	$2.5M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1468	+0.039%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	−0.093%	$187K	$442K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0423%	1h	2.1492	+0.149%	$380K	$415K	10x	as long as short