Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0233%/8h= +25.5% APRpaid last 24h −0.042%

Price spread now: Hyperliquid against BloFin+0.047%67s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as 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−$380.384% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.385%−$39 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.047%, 7d avg +0.059%

Together, before fees−0.309%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.385%, so the current rate has only just turned in your favour. The two prices were read 67 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	BloFin TRUMP-USDT	2.1440	−0.0133	get 0.0067% / 4h	1h 05m	$4.3M	$658K	75x
Short	Hyperliquid TRUMP	2.1450	0.0100	get 0.0013% / 1h	5m 55s	$13.5M	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.047%Rate

Funding earned: $48.95
Price spread: +0.047% → +0.059%: −$1.2
Slippage, 4 orders: −$17.44
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $9.31
Costs to cover: 0.384%
Break-even: 5.7 days

Slippage from BloFin: live order book, 6 min ago; Hyperliquid: live order book, 10 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 BloFin live order book, 6 min ago	4.67 bp	10.7 bp −$11	10.7 bp −$107	31.7 bp −$3,173	152.3 bp −$76.2K
Sell Hyperliquid live order book, 10 min ago	0.70 bp	9.4 bp −$9	doesn't fit	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
SoDEX TRUMP-USD	−0.0438%	1h	2.1445	+0.023%	$84	$6K	5x	as long as short
Variational Omni TRUMP	−0.0392%	4h	2.1390	−0.235%	$666K	$400K	—	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1426	−0.067%	$74K	$488K	25x	as long as short
Binance TRUMPUSDT	−0.0372%	4h	2.1428	−0.054%	$62.7M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0353%	4h	2.1430	−0.047%	$27.1M	$172.8M	50x	as long as short
Bybit TRUMPUSDT	−0.0303%	4h	2.1440	0.000%	$31.2M	$48.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.140%	$128K	$521K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0263%	1h	2.1452	+0.056%	$385K	$79K	10x	as long as short
MEXC TRUMP_USDC	−0.0248%	4h	2.1430	−0.047%	$388K	$144K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1444	+0.020%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0216%	1h	2.1440	0.000%	$918K	$968K	10x	as long as short
Gate TRUMP_USDT	−0.0198%	4h	2.1440	0.000%	$7.7M	$48.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1423	−0.079%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0182%	4h	2.1440	0.000%	$4.3M	$10.1M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0176%	8h	2.1431	−0.043%	$5K	$175	5x	as long as short
BloFin TRUMP-USDTlong	−0.0133%	4h	2.1440	long leg	$4.3M	$658K	75x
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1430	−0.047%	$5K	$294K	10x	as long as short
Bitget TRUMPUSDT	−0.0038%	4h	2.1450	+0.047%	$15.5M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1426	−0.066%	$19K	—	3x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1455	+0.072%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	+0.0006%	4h	2.1455	+0.070%	$173K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1449	+0.042%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1484	+0.207%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.746%	$13K	$157K	12x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.1450	+0.047%	$13.5M	$7.3M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1440	0.000%	$404K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1444	+0.019%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.187%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.187%	$488K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1460	+0.093%	$248K	$553K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0160%	1h	2.1467	+0.126%	$384K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0213% / S −0.0214%	1h	2.1467	+0.125%	$11K	—	100x	as long as short