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 +0.006%

Price spread now: Hyperliquid against MEXC+0.088%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.213%+$21 · spread now +0.088%, 7d avg +0.100%

Together, before fees+0.289%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1480	0.0100	pay 0.0050% / 4h	45m 58s	$412K	$148K	125x
Short	Hyperliquid TRUMP	2.1499	0.0100	get 0.0013% / 1h	45m 58s	$14.2M	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.100%: −$1.17
Slippage, 4 orders: −$21.56
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$31.73
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 7 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 MEXC live order book, 3 min ago	2.34 bp	8.7 bp −$9	32.4 bp −$324	133.3 bp −$13.3K	doesn't fit
Sell Hyperliquid live order book, 7 min ago	2.32 bp	8.6 bp −$9	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	−0.1690%	1h	2.1340	−0.652%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0364%	1h	2.1505	+0.116%	$91	$6K	5x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1493	+0.061%	$951K	$933K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1471	−0.040%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0108%	4h	2.1490	+0.047%	$7.6M	$50.5M	75x	as long as short
Bybit TRUMPUSDT	−0.0031%	4h	2.1480	0.000%	$30.5M	$49.3M	50x	as long as short
Variational Omni TRUMP	−0.0017%	4h	2.1481	+0.005%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1496	+0.075%	$27K	$512	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0002%	8h	2.1493	+0.058%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1504	+0.112%	$405K	$72K	10x	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	2.1485	+0.021%	$40K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0029%	4h	2.1407	−0.341%	$104K	$264K	20x	as long as short
Extended TRUMP-USD	+0.0040%	1h	2.1469	−0.050%	$74K	$745K	25x	as long as short
Binance TRUMPUSDT	+0.0040%	4h	2.1481	+0.007%	$60.5M	$241.2M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0051%	4h	2.1490	+0.047%	$4K	$219K	10x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1510	+0.138%	$19K	—	3x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.1499	+0.088%	$14.2M	$7.3M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1502	+0.105%	$423K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1481	+0.007%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1470	−0.047%	$27.1M	$172.0M	50x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1480	long leg	$412K	$148K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	+0.047%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1480	0.000%	$15.5M	$25.7M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1514	+0.158%	$252K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1417	−0.293%	$171K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.093%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.140%	$498K	$2.1M	50x	as long as short
BloFin TRUMP-USDT	+0.0172%	4h	2.1440	−0.186%	$4.1M	$673K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1487	+0.033%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1526	+0.212%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1550	+0.326%	$279K	$281K	50x	as long as short