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 −0.003%

Price spread now: MEXC against HTX−0.224%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 3 days (all we have)+0.129%+$13 · spread now −0.224%, 7d avg −0.145%

Together, before fees−0.157%−$16 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: MEXC is 0.079% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.2290	0.0100	pay 0.0050% / 4h	3h 22m	$563K	$1.9M	50x
Short	MEXC TRUMP_USDC	2.2240	0.0100	get 0.0050% / 4h	3h 22m	$482K	$133K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.224%Rate

Funding earned: $0
Price spread: −0.224% → −0.145%: −$7.89
Slippage, 4 orders: −$40.16
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$60.05
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; MEXC: live order book, 42 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	8.99 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 42 min ago	2.29 bp	5.4 bp −$5	14.6 bp −$146	126.9 bp −$12.7K	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	−0.1608%	1h	2.1910	−1.705%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2222	−0.307%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2255	−0.157%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2234	−0.251%	$417K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2235	−0.245%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2107	−0.820%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2244	−0.206%	$988K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2230	−0.269%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2214	−0.342%	$5K	$175	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2254	−0.163%	$463K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2209	−0.363%	$191K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2250	−0.179%	$63.6M	$222.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2240	−0.224%	$31.2M	$44.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2220	−0.314%	$27.6M	$155.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2240	−0.224%	$7.7M	$47.4M	75x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.2240	−0.224%	$482K	$133K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2270	−0.090%	$4.5M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2240	−0.224%	$16.3M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	−0.846%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2167	−0.554%	$182K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2250	−0.179%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2235	−0.247%	$77	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.2290	long leg	$563K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.2220	−0.314%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2218	−0.321%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0162%	1h	2.2257	−0.148%	$14.4M	$6.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2237	−0.238%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2240	−0.224%	$4.2M	$643K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0476%	1h	2.2272	−0.081%	$283K	$289K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2280	−0.045%	$290K	$277K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0774%	1h	2.2263	−0.121%	$1.3M	$2.5M	50x	as long as short