Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: HTX against MEXC+0.233%50s7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$600.596% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.282%+$28 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.233%, 7d avg +0.142%

Together, before fees+0.144%+$14 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 0.091% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.142%. The two prices were read 50 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	MEXC TRUMP_USDC	2.1460	0.0100	pay 0.0050% / 4h	1h 24m	$399K	$149K	125x
Short	HTX TRUMP-USDT	2.1510	0.0100	get 0.0050% / 4h	1h 24m	$483K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now +0.233%Rate

Funding earned: $0
Price spread: +0.233% → +0.142%: $9.14
Slippage, 4 orders: −$47.55
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$50.41
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; HTX: live order book, 4 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 MEXC live order book, 10 min ago	4.69 bp	9.4 bp −$9	23.5 bp −$235	116.7 bp −$11.7K	doesn't fit
Sell HTX live order book, 4 min ago	9.35 bp	19.2 bp −$19	50.5 bp −$505	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	−0.1927%	1h	2.1380	−0.373%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1492	+0.147%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1460	−0.001%	$74K	$547K	25x	as long as short
Binance TRUMPUSDT	−0.0189%	4h	2.1470	+0.047%	$60.5M	$252.0M	75x	as long as short
Variational Omni TRUMP	−0.0135%	4h	2.1481	+0.099%	$663K	$424K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0099%	4h	2.1450	−0.047%	$26.6M	$185.0M	50x	as long as short
edgeX TRUMPUSDC	−0.0098%	4h	2.1423	−0.172%	$105K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1517	+0.265%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0068%	4h	2.1470	+0.047%	$7.7M	$53.7M	75x	as long as short
Bybit TRUMPUSDT	−0.0063%	4h	2.1470	+0.047%	$30.5M	$52.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1490	+0.140%	$5K	$248K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0044%	8h	2.1459	−0.003%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1476	+0.073%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1498	+0.177%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	+0.0005%	1h	2.1485	+0.116%	$82	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1505	+0.210%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1480	+0.093%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0047%	4h	2.1510	+0.233%	$4.1M	$686K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1459	−0.005%	$948K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1474	+0.065%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1484	+0.112%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1480	+0.095%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1460	long leg	$399K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1470	+0.047%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	+0.047%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.326%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.233%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1510	+0.233%	$483K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1490	+0.140%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1500	+0.186%	$202K	$426K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0401%	1h	2.1510	+0.233%	$381K	$417K	10x	as long as short