TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0225%/8h= +24.7% APRnext payment +$1.13 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against OKX+0.140%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.140%, 7d avg +0.115%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 0.026% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.115%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1380	−0.0125	get 0.0063% / 4h	57m 01s	$26.5M	$183.8M	50x
Short	HTX TRUMP-USDT	2.1410	0.0100	get 0.0050% / 4h	57m 01s	$481K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $47.28
Price spread: +0.140% → +0.115%: $2.56
Slippage, 4 orders: −$29.17
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1.33
Costs to cover: 0.512%
Break-even: 7.2 days

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	2.34 bp	7.3 bp −$7	10.0 bp −$100	35.6 bp −$3,557	doesn't fit
Sell HTX live order book, 2 min ago	7.01 bp	20.7 bp −$21	60.9 bp −$609	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	−0.1797%	1h	2.1310	−0.327%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0276%	1h	2.1387	+0.033%	$82	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0264%	1h	2.1401	+0.098%	$403K	$81K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1371	−0.040%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0163%	4h	2.1390	+0.047%	$60.5M	$250.9M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1379	−0.005%	$74K	$493K	25x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0125%	4h	2.1380	long leg	$26.5M	$183.8M	50x
Variational Omni TRUMP	−0.0118%	4h	2.1401	+0.099%	$661K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1390	+0.047%	$7.6M	$53.0M	75x	as long as short
edgeX TRUMPUSDC	−0.0082%	4h	2.1403	+0.109%	$104K	$254K	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	−0.0065%	4h	2.1390	+0.047%	$30.4M	$52.6M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0048%	4h	2.1400	+0.094%	$5K	$261K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0039%	8h	2.1384	+0.019%	$5K	$175	5x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1387	+0.033%	$935K	$1.0M	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1406	+0.122%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1404	+0.113%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1383	+0.012%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1360	−0.094%	$173K	$454K	50x	as long as short
KuCoin TRUMPUSDTM	+0.0068%	4h	2.1390	+0.047%	$4.1M	$11.0M	50x	as long as short
BloFin TRUMP-USDT	+0.0077%	4h	2.1380	0.000%	$4.1M	$699K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1407	+0.126%	$13.5M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1407	+0.128%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1410	+0.142%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	+0.047%	$398K	$146K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1390	+0.047%	$15.2M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1414	+0.157%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.094%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1410	+0.140%	$481K	$2.5M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1402	+0.104%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0211%	1h	2.1418	+0.178%	$379K	$417K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1418	+0.179%	$1.3M	$2.3M	50x	as long as short