Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.004%

Price spread now: HTX against Paradex+0.083%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and HTX is 0.083% dearer against Paradex than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1452	−0.0237	get 0.0237% / 8h	2h 46m	$5K	$175	5x
Short	HTX TRUMP-USDT	2.1470	0.0100	get 0.0050% / 4h	2h 46m	$488K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paradex. 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 ParadexbpFee HTXbpOrdersPrice spread, now +0.083%Rate

Funding earned: $70.83
Price spread: +0.083% → 0.000%: $8.33
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: $63.15
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 3 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	2.32 bp	23.5 bp −$23	34.4 bp −$344	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.1360	−0.430%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0574%	1h	2.1436	−0.075%	$84	$6K	5x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1435	−0.080%	$948K	$994K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0356%	1h	2.1454	+0.009%	$404K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0296%	4h	2.1440	−0.057%	$30.5M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1452	−0.003%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0237%	8h	2.1452	long leg	$5K	$175	5x
Extended TRUMP-USD	−0.0224%	1h	2.1429	−0.107%	$74K	$718K	25x	as long as short
Binance TRUMPUSDT	−0.0221%	4h	2.1444	−0.036%	$60.5M	$246.8M	75x	as long as short
Gate TRUMP_USDT	−0.0176%	4h	2.1460	+0.037%	$7.7M	$52.3M	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	−0.0123%	4h	2.1531	+0.369%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0102%	4h	2.1476	+0.109%	$105K	$264K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0026%	4h	2.1450	−0.010%	$5K	$215K	10x	as long as short
dYdX TRUMP-USD	−0.0025%	1h	2.1486	+0.159%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1530	+0.363%	$180K	$4.7M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0021%	4h	2.1430	−0.103%	$27.3M	$178.6M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1465	+0.059%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1435	−0.080%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0025%	4h	2.1450	−0.010%	$4.2M	$644K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1472	+0.093%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1474	+0.100%	$404K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1482	+0.139%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.010%	$399K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1470	+0.083%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1450	−0.010%	$15.5M	$26.4M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.083%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1470	+0.083%	$488K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1463	+0.049%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1469	+0.079%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0320%	1h	2.1495	+0.200%	$380K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.689%	$281K	$305K	50x	as long as short