Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against Aster+0.097%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.097%, 7d avg +0.021%

Together, before fees−0.260%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$26 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: Hyperliquid is 0.077% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1681	0.0100	pay 0.0050% / 4h	2h 58m	$412K	$651K	20x
Short	Hyperliquid TRUMP	2.1702	0.0100	get 0.0013% / 1h	58m 19s	$13.8M	$8.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.021%: $7.65
Slippage, 4 orders: −$25.34
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$34.69
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Aster: live order book, 34 min ago; Hyperliquid: 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 Aster live order book, 34 min ago	4.68 bp	10.2 bp −$10	22.5 bp −$225	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.15 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit

TRUMP on 32 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	−0.1841%	1h	2.1600	−0.374%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0527%	1h	2.1660	−0.097%	$69	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0341%	4h	2.1650	−0.143%	$31.3M	$50.5M	50x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.231%	$675K	$419K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0303%	1h	2.1681	0.000%	$389K	$73K	10x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1665	−0.074%	$943K	$967K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0249%	4h	2.1640	−0.189%	$27.4M	$180.5M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	+0.046%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0243%	4h	2.1660	−0.097%	$63.4M	$244.2M	75x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1669	−0.055%	$77K	$492K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1680	−0.005%	$142K	$513K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0144%	8h	2.1689	+0.037%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0116%	4h	2.1747	+0.305%	$106K	$254K	20x	as long as short
Gate TRUMP_USDT	−0.0116%	4h	2.1680	−0.005%	$7.8M	$47.5M	75x	as long as short
dYdX TRUMP-USD	−0.0089%	1h	2.1714	+0.153%	$26K	$1K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0080%	4h	2.1670	−0.051%	$5K	$320K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0056%	4h	2.1700	+0.088%	$4.2M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	−0.0004%	4h	2.1680	−0.005%	$15.4M	$26.0M	75x	as long as short
BloFin TRUMP-USDT	+0.0001%	4h	2.1690	+0.042%	$4.3M	$692K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.382%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1704	+0.105%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1660	−0.097%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0050%	4h	2.1680	−0.005%	$402K	$147K	125x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.1702	+0.097%	$13.8M	$8.0M	10x
Aster TRUMPUSDTlong	+0.0100%	4h	2.1681	long leg	$412K	$651K	20x
Pacifica TRUMP	+0.0100%	1h	2.1709	+0.129%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1734	+0.242%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1700	+0.088%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	+0.042%	$501K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1670	−0.051%	$3K	$32K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0153%	1h	2.1742	+0.281%	$387K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	+0.405%	$10K	—	100x	as long as short