TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0447%/8h= +48.9% APRnext payment +$2.23 per $10,000 · paid last 24h +0.015%

Price spread now: HTX against OKX+0.093%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.093%, 7d avg +0.112%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.112%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.23 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1430	−0.0347	get 0.0173% / 4h	1h 04m	$27.1M	$172.8M	50x
Short	HTX TRUMP-USDT	2.1450	0.0100	get 0.0050% / 4h	1h 04m	$487K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now +0.093%Rate

Funding earned: $93.82
Price spread: +0.093% → +0.112%: −$1.83
Slippage, 4 orders: −$23.75
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $46.24
Costs to cover: 0.457%
Break-even: 3.5 days

Slippage from OKX: live order book, 3 min ago; HTX: 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 OKX live order book, 3 min ago	2.33 bp	7.3 bp −$7	10.1 bp −$101	34.6 bp −$3,459	doesn't fit
Sell HTX live order book, 2 min ago	4.66 bp	20.4 bp −$20	43.3 bp −$433	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	−0.0437%	1h	2.1435	+0.023%	$84	$6K	5x	as long as short
Variational Omni TRUMP	−0.0378%	4h	2.1449	+0.090%	$667K	$400K	—	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1418	−0.056%	$74K	$488K	25x	as long as short
Binance TRUMPUSDT	−0.0373%	4h	2.1433	+0.013%	$62.7M	$236.8M	75x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0347%	4h	2.1430	long leg	$27.1M	$172.8M	50x
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.093%	$128K	$521K	50x	as long as short
Bybit TRUMPUSDT	−0.0293%	4h	2.1440	+0.047%	$31.2M	$48.3M	50x	as long as short
MEXC TRUMP_USDC	−0.0250%	4h	2.1420	−0.047%	$388K	$144K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1444	+0.067%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1448	+0.084%	$385K	$79K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0208%	1h	2.1436	+0.028%	$918K	$968K	10x	as long as short
Gate TRUMP_USDT	−0.0192%	4h	2.1440	+0.047%	$7.7M	$48.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0187%	4h	2.1434	+0.020%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0186%	4h	2.1430	0.000%	$4.3M	$10.1M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0168%	8h	2.1427	−0.014%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0132%	4h	2.1440	+0.047%	$4.3M	$658K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1420	−0.047%	$5K	$294K	10x	as long as short
Bitget TRUMPUSDT	−0.0036%	4h	2.1440	+0.047%	$15.5M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1426	−0.019%	$19K	—	3x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1455	+0.119%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	+0.0006%	4h	2.1455	+0.117%	$173K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1449	+0.089%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1483	+0.246%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.793%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1461	+0.145%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1443	+0.060%	$404K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1441	+0.053%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.187%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1450	+0.093%	$487K	$2.4M	50x
Phemex TRUMPUSDT	+0.0100%	4h	2.1450	+0.093%	$249K	$557K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0164%	1h	2.1469	+0.182%	$384K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0213% / S −0.0214%	1h	2.1467	+0.171%	$11K	—	100x	as long as short