Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX+0.273%51s7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$800.802% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.273%, 7d avg −0.079%

Together, before fees−0.437%−$44 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: KuCoin is 0.352% dearer against HTX than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.079%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.2010	0.0100	pay 0.0050% / 4h	2h 37m	$564K	$2.0M	50x
Short	KuCoin TRUMPUSDTM	2.2070	0.0100	get 0.0050% / 4h	2h 37m	$4.1M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now +0.273%Rate

Funding earned: $0
Price spread: +0.273% → −0.079%: $35.15
Slippage, 4 orders: −$56.18
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.02
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; KuCoin: live order book, 6 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 HTX live order book, 1 min ago	9.06 bp	25.7 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.50 bp	15.8 bp −$16	91.5 bp −$915	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	−0.1623%	1h	2.1980	−0.136%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2062	+0.235%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0023%	1h	2.1974	−0.164%	$414K	$80K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2087	+0.352%	$28K	$512	5x	as long as short
Gate TRUMP_USDT	+0.0008%	4h	2.2070	+0.273%	$7.8M	$48.8M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2055	+0.203%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2067	+0.258%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2084	+0.335%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2050	+0.182%	$3K	$237K	10x	as long as short
SoDEX TRUMP-USD	+0.0094%	1h	2.1958	−0.236%	$80	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2061	+0.232%	$980K	$789K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2093	+0.377%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2091	+0.367%	$437K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2088	+0.356%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2059	+0.225%	$64.0M	$236.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2040	+0.136%	$31.6M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2030	+0.091%	$28.9M	$170.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2040	+0.136%	$439K	$145K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.2070	+0.273%	$4.1M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.2050	+0.182%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.280%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	+0.301%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2060	+0.227%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.2010	long leg	$564K	$2.0M	50x
Extended TRUMP-USD	+0.0104%	1h	2.2070	+0.271%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1960	−0.228%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2061	+0.234%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0305%	1h	2.1984	−0.118%	$257K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+1.000%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1979	−0.142%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.409%	$286K	$307K	50x	as long as short