Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against Bitget+0.009%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.009%, 7d avg +0.030%

Together, before fees−0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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: Hyperliquid is 0.021% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1400	0.0100	pay 0.0050% / 4h	1h 31m	$15.2M	$27.2M	75x
Short	Hyperliquid TRUMP	2.1402	0.0100	get 0.0013% / 1h	31m 19s	$13.5M	$8.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.030%: −$2.11
Slippage, 4 orders: −$14.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.21
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Hyperliquid: live order book, 11 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 Bitget live order book, 3 min ago	2.34 bp	12.7 bp −$13	16.1 bp −$161	43.5 bp −$4,348	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.93 bp	6.8 bp −$7	14.4 bp −$144	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	2.1260	−0.654%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1382	−0.086%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1380	−0.094%	$74K	$645K	25x	as long as short
Binance TRUMPUSDT	−0.0204%	4h	2.1387	−0.061%	$60.4M	$251.8M	75x	as long as short
Variational Omni TRUMP	−0.0157%	4h	2.1351	−0.228%	$659K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0106%	4h	2.1350	−0.232%	$104K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1420	+0.092%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0099%	4h	2.1390	−0.047%	$26.4M	$184.4M	50x	as long as short
Gate TRUMP_USDT	−0.0092%	4h	2.1390	−0.047%	$7.7M	$53.6M	75x	as long as short
Bybit TRUMPUSDT	−0.0083%	4h	2.1390	−0.047%	$30.4M	$52.5M	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	−0.0061%	4h	2.1390	−0.047%	$5K	$246K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0061%	8h	2.1368	−0.151%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0008%	1h	2.1385	−0.070%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1386	−0.065%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1401	+0.005%	$403K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1399	−0.007%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1377	−0.107%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0036%	4h	2.1410	+0.047%	$4.1M	$684K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1381	−0.089%	$944K	$1.0M	10x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.1402	+0.009%	$13.5M	$8.1M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1400	0.000%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1384	−0.075%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	−0.047%	$398K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1390	−0.047%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1400	long leg	$15.2M	$27.2M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1388	−0.055%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.047%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1400	+0.002%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1360	−0.187%	$202K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0338%	1h	2.1390	−0.047%	$379K	$415K	10x	as long as short