data as of
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Price arb /

TRUMP

all TRUMP markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.135%7d average+0.030%fees + slippage, in and out−$31spread needed0.311%
Long on BybitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TRUMPUSDT2.14900.0100pay 0.0050% / 4h1h 26m$30.0M$40.6M50x
ShortHyperliquid TRUMP2.15190.0100get 0.0013% / 1h26m 25s$13.7M$7.3M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$13.54
Funding while held
$0
Slippage, 4 orders
−$11.14
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$17.6
Spread needed to break even
0.311%
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 8 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago2.33 bp12.4 bp −$1218.4 bp −$184148.3 bp −$14.8Kdoesn't fit
Sell Hyperliquid live order book, 8 min ago0.93 bp5.4 bp −$5doesn't fitdoesn't fitdoesn't fit

TRUMP price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.1370cheapest
Bybit2.1490+0.562%
MEXC2.1490+0.562%edgeX2.1491+0.564%Reya2.1491+0.566%Binance2.1491+0.568%Variational Omni2.1496+0.589%Lighter2.1499+0.604%OKX2.1500+0.608%Gate2.1500+0.608%Bitget2.1500+0.608%Extended2.1504+0.628%Aevo2.1505+0.632%Paradex2.1509+0.652%Pacifica2.1514+0.674%SoDEX2.1515+0.679%Aster2.1518+0.691%
Hyperliquid2.1519+0.698%
KuCoin2.1520+0.702%Orderly2.1520+0.702%Coinbase International2.1520+0.702%BloFin2.1520+0.702%GMX2.1525+0.723%dYdX2.1528+0.739%Deribit2.1529+0.744%gTrade (Gains Network)2.1529+0.745%SunX2.1530+0.749%Kraken Futures2.1536+0.776%HTX2.1540+0.796%Backpack2.1547+0.828%

TRUMP on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective TRUMP/USDC PERP−0.558%−0.1702%1h$12K$81K12xas long as short
Bybit TRUMPUSDTlong0.000%+0.0100%4h$30.0M$40.6M50x
MEXC TRUMP_USDC0.000%+0.0090%4h$474K$134K125xas long as short
edgeX TRUMPUSDC+0.002%+0.0050%4h$117K$242K20xas long as short
Reya TRUMPRUSDPERP+0.005%−0.0245%1h$5—10xas long as short
Binance TRUMPUSDT+0.006%+0.0100%4h$61.5M$207.3M75xas long as short
Variational Omni TRUMP+0.028%+0.0100%4h$667K$230K—as long as short
Lighter TRUMP+0.042%−0.0312%1h$961K$583K10xas long as short
OKX TRUMP-USDT-SWAP+0.047%+0.0100%4h$26.6M$143.0M50xas long as short
Gate TRUMP_USDT+0.047%+0.0026%4h$7.4M$44.1M75xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget TRUMPUSDT+0.047%+0.0100%4h$15.2M$19.7M75xas long as short
Extended TRUMP-USD+0.066%+0.0104%1h$74K$472K25xas long as short
Aevo TRUMP-PERP+0.070%+0.0104%1h$19K—3xas long as short
Paradex TRUMP-USD-PERP+0.090%+0.0057%8h$5K—5xas long as short
Pacifica TRUMP+0.112%+0.0100%1h$185K$70K10xas long as short
SoDEX TRUMP-USD+0.116%−0.0132%1h$82$6K5xas long as short
Aster TRUMPUSDT+0.129%+0.0100%4h$422K$851K20xas long as short
Hyperliquid TRUMPshort+0.135%+0.0100%1h$13.7M$7.3M10x
KuCoin TRUMPUSDTM+0.140%+0.0100%4h$4.4M$9.2M50xas long as short
Orderly PERP_TRUMP_USDC+0.140%+0.0093%4h$3K$249K10xas long as short
Coinbase International TRUMP-PERP-INTX+0.140%+0.0424%1h$276K$395K50xas long as short
BloFin TRUMP-USDT+0.140%+0.0340%4h$4.2M$453K75xas long as short
GMX TRUMP/USD [ETH-USDC]+0.161%L +0.0228% / S −0.0259%1h$11K—100xas long as short
dYdX TRUMP-USD+0.177%−0.0030%1h$27K$4855xas long as short
Deribit TRUMP_USDC-PERPETUAL+0.181%0.0000%1h$403K$77K10xas long as short
gTrade (Gains Network) TRUMP/USD+0.182%L +0.0008% / S −0.0007%1h$41K—150xas long as short
SunX TRUMP-USDT+0.186%+0.0100%4h$1K$1.5M50xas long as short
Kraken Futures PF_TRUMPUSD+0.213%−0.0356%1h$1.0M$2.1M50xas long as short
HTX TRUMP-USDT+0.233%+0.0100%4h$497K$1.6M50xas long as short
Backpack TRUMP_USDC_PERP+0.265%+0.0257%1h$254K$265K10xas long as short