Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: Phemex against HTX0.000%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1291.287% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 6 hours (all we have)−0.031%−$3 · spread now 0.000%, 7d avg −0.031%

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.031% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1360	0.0100	pay 0.0050% / 4h	48m 01s	$484K	$2.4M	50x
Short	Phemex TRUMPUSDT	2.1360	0.0100	get 0.0050% / 4h	48m 01s	$278K	$615K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.031%: $3.09
Slippage, 4 orders: −$104.69
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$125.6
Costs to cover: 1.287%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Phemex: live order book, 43 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	4.68 bp	13.6 bp −$14	43.5 bp −$435	doesn't fit	doesn't fit
Sell Phemex live order book, 43 min ago	4.69 bp	47.2 bp −$47	doesn't fit	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
SoDEX TRUMP-USD	−0.0449%	1h	2.1355	−0.023%	$80	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0386%	4h	2.1360	0.000%	$62.5M	$236.1M	75x	as long as short
Extended TRUMP-USD	−0.0384%	1h	2.1358	−0.011%	$76K	$486K	25x	as long as short
Variational Omni TRUMP	−0.0381%	4h	2.1339	−0.097%	$664K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0328%	4h	2.1360	0.000%	$31.0M	$48.1M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1270	−0.421%	$125K	$520K	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0311%	4h	2.1370	+0.047%	$27.0M	$172.3M	50x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1349	−0.051%	$913K	$929K	10x	as long as short
MEXC TRUMP_USDC	−0.0280%	4h	2.1350	−0.047%	$386K	$142K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1335	−0.119%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TRUMPUSDTM	−0.0238%	4h	2.1350	−0.047%	$4.3M	$10.0M	50x	as long as short
Gate TRUMP_USDT	−0.0236%	4h	2.1350	−0.047%	$7.6M	$46.3M	75x	as long as short
edgeX TRUMPUSDC	−0.0190%	4h	2.1338	−0.103%	$104K	$253K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0162%	8h	2.1376	+0.073%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0146%	4h	2.1280	−0.375%	$4.3M	$652K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0090%	4h	2.1350	−0.047%	$5K	$291K	10x	as long as short
Bitget TRUMPUSDT	−0.0034%	4h	2.1360	0.000%	$15.4M	$24.7M	75x	as long as short
dYdX TRUMP-USD	−0.0027%	1h	2.1385	+0.115%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1451	+0.425%	$19K	—	3x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1377	+0.080%	$384K	$67K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0004%	4h	2.1352	−0.038%	$179K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1371	+0.051%	$40K	—	150x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.047%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1371	+0.051%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1359	−0.007%	$403K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1379	+0.087%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1380	+0.094%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1360	long leg	$484K	$2.4M	50x
Phemex TRUMPUSDTshort	+0.0100%	4h	2.1360	0.000%	$278K	$615K	50x
Backpack TRUMP_USDC_PERP	+0.0164%	1h	2.1387	+0.126%	$382K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0219% / S −0.0221%	1h	2.1370	+0.047%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0327%	1h	2.1396	+0.167%	$1.4M	$2.1M	50x	as long as short