TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0318%/8h= +34.8% APRnext payment +$1.59 per $10,000 · paid last 24h +0.020%

Price spread now: HTX against Gate+0.046%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.046%, 7d avg +0.085%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.039% cheaper against Gate than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.085%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.092% in total) that is about 3.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.59 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	Gate TRUMP_USDT	2.1630	−0.0218	get 0.0109% / 4h	2h 03m	$7.8M	$48.6M	75x
Short	HTX TRUMP-USDT	2.1640	0.0100	get 0.0050% / 4h	2h 03m	$497K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $66.78
Price spread: +0.046% → +0.085%: −$3.91
Slippage, 4 orders: −$37.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1.23
Costs to cover: 0.641%
Break-even: 7.1 days

Slippage from Gate: live order book, 3 min ago; HTX: live order book, 3 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 Gate live order book, 3 min ago	4.63 bp	13.7 bp −$14	36.3 bp −$363	71.5 bp −$7,152	doesn't fit
Sell HTX live order book, 3 min ago	4.63 bp	21.6 bp −$22	107.8 bp −$1,078	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
Injective TRUMP/USDC PERP	−0.1841%	1h	2.1600	−0.139%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0357%	4h	2.1610	−0.093%	$670K	$402K	—	as long as short
Bybit TRUMPUSDT	−0.0319%	4h	2.1620	−0.046%	$31.5M	$48.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0315%	4h	2.1600	−0.139%	$27.4M	$175.3M	50x	as long as short
Extended TRUMP-USD	−0.0304%	1h	2.1608	−0.101%	$75K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0301%	4h	2.1620	−0.046%	$63.5M	$239.4M	75x	as long as short
SoDEX TRUMP-USD	−0.0281%	1h	2.1625	−0.023%	$71	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1610	−0.094%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.509%	$132K	$517K	50x	as long as short
Gate TRUMP_USDTlong	−0.0218%	4h	2.1630	long leg	$7.8M	$48.6M	75x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0208%	1h	2.1628	−0.009%	$933K	$982K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0184%	8h	2.1615	−0.071%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0150%	4h	2.1572	−0.270%	$105K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0124%	4h	2.1620	−0.046%	$4.2M	$10.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0120%	4h	2.1610	−0.092%	$394K	$152K	125x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0120%	1h	2.1641	+0.051%	$389K	$80K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0079%	4h	2.1620	−0.046%	$5K	$308K	10x	as long as short
BloFin TRUMP-USDT	−0.0061%	4h	2.1630	0.000%	$4.3M	$677K	75x	as long as short
Bitget TRUMPUSDT	−0.0012%	4h	2.1630	0.000%	$15.5M	$25.4M	75x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1644	+0.065%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1615	−0.068%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1644	+0.066%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1650	+0.091%	$1.3M	$2.0M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0048%	4h	2.1624	−0.029%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1635	+0.023%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1624	−0.027%	$407K	$643K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1633	+0.013%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1650	+0.092%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1640	+0.046%	$497K	$2.4M	50x
Phemex TRUMPUSDT	+0.0100%	4h	2.1630	0.000%	$121K	$301K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0191% / S −0.0187%	1h	2.1641	+0.049%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0269%	1h	2.1658	+0.129%	$383K	$400K	10x	as long as short