Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.020%

Price spread now: HTX against SoDEX+0.023%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.023% dearer against SoDEX than usual: you sell high and buy low: +$2 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	SoDEX TRUMP-USD	2.1415	0.0029	pay 0.0004% / 1h	51m 05s	$82	$6K	5x
Short	HTX TRUMP-USDT	2.1420	0.0100	get 0.0050% / 4h	1h 51m	$482K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $14.94
Price spread: +0.023% → 0.000%: $2.33
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$2.73
Costs to cover: 0.200%
Break-even: 8.3 days

Slippage unknown: SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	9.32 bp	23.4 bp −$23	39.3 bp −$393	doesn't fit	doesn't fit

SoDEX: 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	−0.1927%	1h	2.1340	−0.350%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1402	−0.062%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1414	−0.003%	$74K	$742K	25x	as long as short
Binance TRUMPUSDT	−0.0238%	4h	2.1425	+0.049%	$60.5M	$252.2M	75x	as long as short
Variational Omni TRUMP	−0.0165%	4h	2.1451	+0.169%	$662K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0123%	4h	2.1428	+0.060%	$105K	$264K	20x	as long as short
Bybit TRUMPUSDT	−0.0113%	4h	2.1420	+0.023%	$30.4M	$52.4M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0105%	8h	2.1373	−0.197%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1430	+0.070%	$7.6M	$53.5M	75x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1444	+0.137%	$1.3M	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRUMP-USDT-SWAP	−0.0091%	4h	2.1420	+0.023%	$26.4M	$184.7M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1400	−0.070%	$5K	$234K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1408	−0.033%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1417	+0.009%	$403K	$81K	10x	as long as short
BloFin TRUMP-USDT	+0.0002%	4h	2.1410	−0.023%	$4.1M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1420	+0.023%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1398	−0.080%	$19K	—	3x	as long as short
SoDEX TRUMP-USDlong	+0.0029%	1h	2.1415	long leg	$82	$6K	5x
Lighter TRUMP	+0.0056%	1h	2.1419	+0.019%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1449	+0.159%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1432	+0.082%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1397	−0.085%	$184K	$53K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	+0.023%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1420	+0.023%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1430	+0.070%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1470	+0.257%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1430	+0.070%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1420	+0.023%	$482K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1420	+0.025%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	+0.070%	$205K	$419K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0398%	1h	2.1461	+0.215%	$380K	$415K	10x	as long as short