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: HTX against KuCoin+0.046%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.046%, 7d avg +0.079%

Together, before fees+0.008%+$1 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: HTX is 0.033% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1920	0.0100	pay 0.0050% / 4h	1h 21m	$4.2M	$11.0M	50x
Short	HTX TRUMP-USDT	2.1930	0.0100	get 0.0050% / 4h	1h 21m	$536K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.079%: −$3.35
Slippage, 4 orders: −$51.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$78.74
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; HTX: live order book, 2 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 KuCoin live order book, 7 min ago	4.60 bp	17.2 bp −$17	96.1 bp −$961	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	4.57 bp	15.1 bp −$15	26.8 bp −$268	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	−0.1659%	1h	2.1700	−1.004%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1881	−0.176%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0032%	4h	2.1900	−0.091%	$7.7M	$50.1M	75x	as long as short
Lighter TRUMP	−0.0016%	1h	2.1878	−0.192%	$974K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1896	−0.111%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1905	−0.068%	$412K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1904	−0.071%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0016%	1h	2.1889	−0.141%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1901	−0.089%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1748	−0.786%	$106K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	+0.0062%	4h	2.1900	−0.091%	$31.3M	$48.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1890	−0.137%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1913	−0.032%	$14.5M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1891	−0.132%	$433K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1894	−0.118%	$188K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1900	−0.093%	$63.3M	$237.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	−0.137%	$27.7M	$171.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.182%	$420K	$150K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1920	long leg	$4.2M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1910	−0.046%	$15.8M	$25.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.910%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1858	−0.284%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1920	0.000%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1930	+0.046%	$536K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1899	−0.095%	$116K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1906	−0.065%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0129%	1h	2.1898	−0.100%	$256K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1899	−0.094%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0286%	1h	2.1913	−0.033%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.319%	$4.3M	$660K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1920	0.000%	$284K	$301K	50x	as long as short