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% APRpaid last 24h −0.003%

Price spread now: Aster against Hyperliquid−0.031%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.031%, 7d avg −0.022%

Together, before fees+0.202%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TRUMP	2.1588	0.0100	pay 0.0013% / 1h	53m 45s	$14.2M	$7.3M	10x
Short	Aster TRUMPUSDT	2.1581	0.0100	get 0.0050% / 4h	53m 45s	$424K	$826K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.022%: −$0.84
Slippage, 4 orders: −$24.2
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.05
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Aster: live order book, 4 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 Hyperliquid live order book, 9 min ago	2.78 bp	7.8 bp −$8	16.7 bp −$167	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	6.98 bp	12.4 bp −$12	24.6 bp −$246	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	2.1440	−0.686%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0274%	1h	2.1555	−0.153%	$87	$6K	5x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1551	−0.171%	$953K	$933K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1562	−0.122%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1570	−0.083%	$7.6M	$50.3M	75x	as long as short
Bybit TRUMPUSDT	−0.0015%	4h	2.1570	−0.083%	$30.7M	$49.2M	50x	as long as short
Variational Omni TRUMP	−0.0012%	4h	2.1601	+0.062%	$660K	$482K	—	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1586	−0.008%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1565	−0.107%	$406K	$72K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0007%	8h	2.1547	−0.190%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1575	−0.061%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0043%	4h	2.1439	−0.689%	$105K	$263K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0057%	4h	2.1550	−0.176%	$4K	$222K	10x	as long as short
Binance TRUMPUSDT	+0.0071%	4h	2.1570	−0.083%	$60.8M	$241.1M	75x	as long as short
Extended TRUMP-USD	+0.0072%	1h	2.1559	−0.133%	$74K	$745K	25x	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1545	−0.199%	$19K	—	3x	as long as short
Hyperliquid TRUMPlong	+0.0100%	1h	2.1588	long leg	$14.2M	$7.3M	10x
Aster TRUMPUSDTshort	+0.0100%	4h	2.1581	−0.031%	$424K	$826K	20x
Pacifica TRUMP	+0.0100%	1h	2.1582	−0.028%	$186K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1560	−0.130%	$27.1M	$172.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1570	−0.083%	$414K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1580	−0.037%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	−0.083%	$15.5M	$25.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1580	−0.037%	$253K	$318K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1560	−0.130%	$176K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	−0.037%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	−0.083%	$500K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1579	−0.042%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1581	−0.033%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0300%	4h	2.1590	+0.009%	$4.3M	$678K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1550	−0.176%	$279K	$281K	50x	as long as short