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 0.000%

Price spread now: HTX against KuCoin+0.140%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.140%, 7d avg +0.075%

Together, before fees−0.002%$0 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: HTX is 0.065% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1380	0.0100	pay 0.0050% / 4h	1h 39m	$4.1M	$11.1M	50x
Short	HTX TRUMP-USDT	2.1410	0.0100	get 0.0050% / 4h	1h 39m	$482K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.075%: $6.5
Slippage, 4 orders: −$40.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$58.43
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; HTX: 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 KuCoin live order book, 9 min ago	2.34 bp	18.9 bp −$19	87.3 bp −$873	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	7.00 bp	16.2 bp −$16	29.3 bp −$293	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	−0.1927%	1h	2.1280	−0.468%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	−0.039%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1370	−0.048%	$74K	$737K	25x	as long as short
Binance TRUMPUSDT	−0.0221%	4h	2.1370	−0.047%	$60.3M	$251.5M	75x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	+0.099%	$661K	$424K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0124%	1h	2.1377	−0.014%	$403K	$81K	10x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1397	+0.078%	$104K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1401	+0.099%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1360	−0.094%	$7.7M	$53.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0095%	4h	2.1360	−0.094%	$26.4M	$184.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0076%	8h	2.1366	−0.065%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0064%	4h	2.1360	−0.094%	$30.3M	$52.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1370	−0.047%	$5K	$239K	10x	as long as short
SoDEX TRUMP-USD	−0.0060%	1h	2.1365	−0.070%	$80	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1415	+0.164%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1396	+0.073%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0018%	4h	2.1420	+0.187%	$4.1M	$686K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1365	−0.070%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1359	−0.098%	$943K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1372	−0.037%	$13.4M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1379	−0.006%	$401K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1379	−0.002%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1360	−0.094%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1380	long leg	$4.1M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	0.000%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1396	+0.076%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1410	+0.140%	$482K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1390	+0.045%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	+0.281%	$205K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0331%	1h	2.1403	+0.108%	$379K	$414K	10x	as long as short