Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX−0.433%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.440%+$44 · spread now −0.433%, 7d avg −0.077%

Together, before fees+0.435%+ Points / potential airdropPacifica: Active · farm board+$43 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: Pacifica is 0.355% cheaper against HTX than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.2610	0.0100	pay 0.0050% / 4h	3h 12m	$567K	$1.9M	50x
Short	Pacifica TRUMP	2.2512	0.0100	get 0.0013% / 1h	12m 31s	$196K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.433%Rate

Funding earned: $0
Price spread: −0.433% → −0.077%: −$35.55
Slippage, 4 orders: −$57.75
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$113.3
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Pacifica: live order book, 60 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	8.86 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 60 min ago	6.18 bp	21.4 bp −$21	doesn't fit	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	−0.1608%	1h	2.2440	−0.752%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2482	−0.568%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2506	−0.459%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2589	−0.093%	$424K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2515	−0.420%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2556	−0.238%	$110K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.2501	−0.484%	$5K	$175	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2505	−0.464%	$997K	$780K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2580	−0.133%	$3K	$249K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2532	−0.344%	$472K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMPshort	+0.0100%	1h	2.2512	−0.433%	$196K	$54K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.2510	−0.441%	$65.0M	$226.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2500	−0.487%	$31.9M	$45.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2500	−0.487%	$28.5M	$161.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2500	−0.487%	$8.0M	$48.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2480	−0.575%	$485K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2520	−0.398%	$4.5M	$10.6M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2510	−0.442%	$16.3M	$22.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2462	−0.657%	$717K	$438K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2566	−0.193%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2560	−0.221%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2540	−0.310%	$80	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.2610	long leg	$567K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.2495	−0.509%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2575	−0.154%	$20K	—	3x	as long as short
Hyperliquid TRUMP	+0.0134%	1h	2.2536	−0.327%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2587	−0.100%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2540	−0.310%	$4.2M	$682K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0479%	1h	2.2553	−0.252%	$265K	$299K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	−0.354%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0763%	1h	2.2574	−0.161%	$1.3M	$2.6M	50x	as long as short