Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Aster against Hyperliquid−0.004%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.004%, 7d avg −0.021%

Together, before fees+0.067%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TRUMP	2.1885	0.0100	pay 0.0013% / 1h	18m 04s	$14.0M	$7.4M	10x
Short	Aster TRUMPUSDT	2.1884	0.0100	get 0.0050% / 4h	1h 18m	$455K	$833K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.021%: $1.66
Slippage, 4 orders: −$23.76
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.1
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Aster: live order book, 65 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 Hyperliquid live order book, 5 min ago	0.91 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	2.28 bp	8.0 bp −$8	21.6 bp −$216	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	−0.1472%	1h	2.1780	−0.480%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1867	−0.081%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1868	−0.078%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1876	−0.041%	$410K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1882	−0.014%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1910	+0.113%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1860	−0.114%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.1872	−0.060%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1866	−0.087%	$973K	$682K	10x	as long as short
Hyperliquid TRUMPlong	+0.0100%	1h	2.1885	long leg	$14.0M	$7.4M	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDTshort	+0.0100%	4h	2.1884	−0.004%	$455K	$833K	20x
Pacifica TRUMP	+0.0100%	1h	2.1882	−0.012%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1860	−0.114%	$62.4M	$219.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1870	−0.069%	$30.5M	$43.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	−0.023%	$26.8M	$150.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1870	−0.069%	$7.4M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	−0.114%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	−0.023%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1870	−0.069%	$15.5M	$21.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1892	+0.033%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1920	+0.158%	$179K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.023%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1869	−0.073%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1890	+0.023%	$531K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1866	−0.088%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1860	−0.114%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1879	−0.026%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	−0.114%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0353%	1h	2.1887	+0.009%	$262K	$272K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	+0.160%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1896	+0.052%	$1.3M	$2.5M	50x	as long as short