Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Bitget against Hyperliquid−0.070%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.070%, 7d avg −0.029%

Together, before fees+0.192%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 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: Bitget is 0.041% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TRUMP	2.1365	0.0100	pay 0.0013% / 1h	41m 58s	$13.5M	$8.0M	10x
Short	Bitget TRUMPUSDT	2.1350	0.0100	get 0.0050% / 4h	2h 41m	$15.3M	$26.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.029%: −$4.1
Slippage, 4 orders: −$18.25
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.35
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Bitget: live order book, 2 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, 11 min ago	2.32 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.34 bp	12.9 bp −$13	16.4 bp −$164	47.1 bp −$4,708	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	−0.1827%	1h	2.1290	−0.351%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0564%	1h	2.1345	−0.094%	$84	$6K	5x	as long as short
Lighter TRUMP	−0.0512%	1h	2.1335	−0.140%	$943K	$995K	10x	as long as short
Bybit TRUMPUSDT	−0.0268%	4h	2.1340	−0.117%	$30.2M	$51.1M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0265%	1h	2.1361	−0.019%	$402K	$72K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1322	−0.201%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0242%	8h	2.1337	−0.133%	$5K	$175	5x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1325	−0.189%	$74K	$719K	25x	as long as short
Binance TRUMPUSDT	−0.0238%	4h	2.1350	−0.070%	$60.2M	$247.4M	75x	as long as short
Gate TRUMP_USDT	−0.0134%	4h	2.1350	−0.070%	$7.6M	$52.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0128%	4h	2.1441	+0.357%	$662K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0107%	4h	2.1475	+0.513%	$105K	$265K	20x	as long as short
GRVT TRUMP_USDT_Perp	−0.0048%	4h	2.1427	+0.292%	$179K	$4.7M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0038%	4h	2.1340	−0.117%	$27.0M	$178.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0030%	4h	2.1370	+0.023%	$5K	$218K	10x	as long as short
dYdX TRUMP-USD	−0.0024%	1h	2.1387	+0.102%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1355	−0.044%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0010%	4h	2.1340	−0.117%	$4.1M	$642K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1336	−0.137%	$18K	—	3x	as long as short
Hyperliquid TRUMPlong	+0.0100%	1h	2.1365	long leg	$13.5M	$8.0M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1370	+0.023%	$402K	$802K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1356	−0.044%	$184K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1350	−0.070%	$397K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1350	−0.070%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1350	−0.070%	$15.3M	$26.5M	75x
SunX TRUMP-USDT	+0.0100%	4h	2.1370	+0.023%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1350	−0.070%	$485K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1358	−0.031%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0199%	1h	2.1377	+0.058%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0212%	1h	2.1378	+0.061%	$378K	$406K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1360	−0.023%	$269K	$303K	50x	as long as short