Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica+0.093%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$710.714% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.093%, 7d avg +0.070%

Together, before fees−0.158%+ Points / potential airdropPacifica: Active · farm board−$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: HTX is 0.023% dearer against Pacifica than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1450	0.0100	pay 0.0013% / 1h	57m 28s	$184K	$54K	10x
Short	HTX TRUMP-USDT	2.1470	0.0100	get 0.0050% / 4h	57m 28s	$487K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.070%: $2.28
Slippage, 4 orders: −$51.38
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$69.1
Costs to cover: 0.714%
Break-even: never at this rate

Slippage from Pacifica: live order book, 48 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 Pacifica live order book, 48 min ago	2.10 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	6.99 bp	14.5 bp −$14	36.1 bp −$361	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
Extended TRUMP-USD	−0.0376%	1h	2.1427	−0.105%	$74K	$483K	25x	as long as short
Binance TRUMPUSDT	−0.0375%	4h	2.1437	−0.060%	$62.7M	$236.9M	75x	as long as short
Variational Omni TRUMP	−0.0366%	4h	2.1449	−0.003%	$668K	$400K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0329%	4h	2.1440	−0.047%	$27.1M	$172.7M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1440	−0.047%	$129K	$522K	50x	as long as short
Bybit TRUMPUSDT	−0.0302%	4h	2.1440	−0.047%	$31.2M	$48.2M	50x	as long as short
SoDEX TRUMP-USD	−0.0297%	1h	2.1445	−0.023%	$80	$6K	5x	as long as short
MEXC TRUMP_USDC	−0.0262%	4h	2.1430	−0.093%	$388K	$141K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1429	−0.096%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1449	−0.005%	$385K	$79K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0210%	4h	2.1450	0.000%	$7.7M	$46.2M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0202%	4h	2.1430	−0.093%	$4.3M	$10.1M	50x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1465	+0.068%	$105K	$254K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0162%	8h	2.1426	−0.110%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0135%	4h	2.1470	+0.093%	$4.3M	$659K	75x	as long as short
Lighter TRUMP	−0.0120%	1h	2.1429	−0.098%	$917K	$927K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0094%	4h	2.1430	−0.093%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0032%	4h	2.1440	−0.047%	$15.5M	$24.7M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1427	−0.108%	$19K	—	3x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1454	+0.017%	$25K	$3K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1462	+0.058%	$40K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0010%	4h	2.1480	+0.141%	$180K	$4.0M	10x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.699%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1451	+0.005%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1441	−0.040%	$404K	$647K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1450	long leg	$184K	$54K	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.186%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1470	+0.093%	$487K	$2.4M	50x
Phemex TRUMPUSDT	+0.0100%	4h	2.1430	−0.093%	$263K	$583K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0217%	1h	2.1459	+0.040%	$11K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0326%	1h	2.1486	+0.166%	$1.4M	$2.1M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0402%	1h	2.1475	+0.117%	$383K	$391K	10x	as long as short