Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.005%

Price spread now: HTX against Extended+0.052%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.052%, 7d avg +0.138%

Together, before fees+0.193%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.086% cheaper against Extended than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.138%). If the spread goes back, that is −$9 on $10k: about 18 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.227% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.227% in total (about 11.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1559	−0.0280	get 0.0035% / 1h	9m 04s	$74K	$739K	25x
Short	HTX TRUMP-USDT	2.1570	0.0100	get 0.0050% / 4h	2h 09m	$484K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $79.8
Price spread: +0.052% → +0.138%: −$8.63
Slippage, 4 orders: −$32.59
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $21.58
Costs to cover: 0.496%
Break-even: 5.1 days

Slippage from Extended: live order book, 39 min ago; HTX: live order book, 5 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 Extended live order book, 39 min ago	4.66 bp	7.7 bp −$8	29.5 bp −$295	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	9.30 bp	18.9 bp −$19	48.0 bp −$480	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	−0.1827%	1h	2.1480	−0.366%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0368%	1h	2.1529	−0.138%	$951K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0319%	1h	2.1545	−0.064%	$82	$6K	5x	as long as short
Extended TRUMP-USDlong	−0.0280%	1h	2.1559	long leg	$74K	$739K	25x
Binance TRUMPUSDT	−0.0278%	4h	2.1550	−0.041%	$60.8M	$251.0M	75x	as long as short
Bybit TRUMPUSDT	−0.0254%	4h	2.1560	+0.005%	$30.6M	$52.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	+0.059%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0193%	4h	2.1511	−0.221%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0179%	8h	2.1591	+0.150%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0167%	1h	2.1557	−0.009%	$406K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0139%	4h	2.1508	−0.238%	$105K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0116%	4h	2.1550	−0.041%	$7.7M	$53.7M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0083%	4h	2.1560	+0.005%	$26.7M	$184.9M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0062%	4h	2.1570	+0.052%	$5K	$233K	10x	as long as short
BloFin TRUMP-USDT	−0.0038%	4h	2.1540	−0.087%	$4.1M	$690K	75x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1600	+0.191%	$27K	$501	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1535	−0.111%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1583	+0.112%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0018%	4h	2.1520	−0.180%	$182K	$4.7M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1549	−0.046%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1556	−0.011%	$405K	$772K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1609	+0.231%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	−0.041%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1570	+0.052%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	+0.052%	$15.4M	$26.8M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.098%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1570	+0.052%	$484K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1587	+0.132%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1565	+0.028%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0260%	1h	2.1568	+0.042%	$384K	$412K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1520	−0.180%	$238K	$363K	50x	as long as short