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 0.000%

Price spread now: HTX against Aster−0.131%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.131%, 7d avg +0.075%

Together, before fees+0.232%+ Points / potential airdropAster: Stage 5 · farm board+$23 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 0.206% cheaper against Aster than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1698	0.0100	pay 0.0050% / 4h	3h 14m	$408K	$834K	20x
Short	HTX TRUMP-USDT	2.1670	0.0100	get 0.0050% / 4h	3h 14m	$495K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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 AsterbpFee HTXbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → +0.075%: −$20.57
Slippage, 4 orders: −$33.46
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$74.03
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from Aster: live order book, 39 min ago; HTX: live order book, 5 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 Aster live order book, 39 min ago	4.58 bp	8.9 bp −$9	28.6 bp −$286	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	6.93 bp	21.7 bp −$22	44.7 bp −$447	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	−0.1765%	1h	2.1570	−0.592%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0330%	1h	2.1640	−0.269%	$88	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0304%	1h	2.1653	−0.209%	$408K	$72K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0268%	8h	2.1631	−0.312%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1641	−0.262%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0130%	4h	2.1690	−0.039%	$7.9M	$52.1M	75x	as long as short
Binance TRUMPUSDT	−0.0121%	4h	2.1690	−0.039%	$61.3M	$246.3M	75x	as long as short
Extended TRUMP-USD	−0.0120%	1h	2.1679	−0.090%	$77K	$718K	25x	as long as short
edgeX TRUMPUSDC	−0.0057%	4h	2.1685	−0.063%	$106K	$265K	20x	as long as short
Bybit TRUMPUSDT	−0.0050%	4h	2.1690	−0.039%	$30.8M	$50.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0041%	4h	2.1651	−0.218%	$669K	$488K	—	as long as short
Lighter TRUMP	−0.0008%	1h	2.1636	−0.288%	$956K	$976K	10x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1666	−0.149%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1654	−0.204%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0009%	4h	2.1650	−0.223%	$4K	$192K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0042%	4h	2.1666	−0.147%	$182K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1628	−0.326%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0097%	4h	2.1690	−0.039%	$27.8M	$179.7M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1703	+0.021%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1698	long leg	$408K	$834K	20x
Pacifica TRUMP	+0.0100%	1h	2.1662	−0.168%	$187K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1680	−0.085%	$407K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1650	−0.223%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1690	−0.039%	$15.7M	$26.2M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1660	−0.177%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1670	−0.131%	$495K	$2.3M	50x
BloFin TRUMP-USDT	+0.0124%	4h	2.1680	−0.085%	$4.2M	$663K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1659	−0.180%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1672	−0.124%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0189%	1h	2.1713	+0.067%	$384K	$399K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1650	−0.223%	$280K	$276K	50x	as long as short