Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.013%

Price spread now: HTX against Extended+0.143%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.143%, 7d avg +0.138%

Together, before fees+0.115%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.138%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1369	−0.0176	get 0.0022% / 1h	32m 10s	$76K	$492K	25x
Short	HTX TRUMP-USDT	2.1400	0.0100	get 0.0050% / 4h	32m 10s	$481K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.143%Rate

Funding earned: $57.96
Price spread: +0.143% → +0.138%: $0.56
Slippage, 4 orders: −$41.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$0.26
Costs to cover: 0.588%
Break-even: 7.0 days

Slippage from Extended: live order book, 5 min ago; HTX: live order book, 2 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 Extended live order book, 5 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	6.99 bp	20.9 bp −$21	47.7 bp −$477	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	−0.1797%	1h	2.1300	−0.324%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0340%	1h	2.1379	+0.045%	$78	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0264%	1h	2.1388	+0.087%	$403K	$81K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1371	+0.008%	$5	—	10x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1376	+0.031%	$935K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	+0.101%	$660K	$423K	—	as long as short
Extended TRUMP-USDlong	−0.0176%	1h	2.1369	long leg	$76K	$492K	25x
Binance TRUMPUSDT	−0.0174%	4h	2.1420	+0.237%	$60.6M	$251.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0167%	4h	2.1410	+0.190%	$26.6M	$184.1M	50x	as long as short
Bybit TRUMPUSDT	−0.0139%	4h	2.1410	+0.190%	$30.4M	$52.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0118%	4h	2.1390	+0.097%	$7.6M	$53.3M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0088%	8h	2.1379	+0.045%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0083%	4h	2.1405	+0.169%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0057%	4h	2.1370	+0.003%	$5K	$272K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1426	+0.264%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1442	+0.342%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0022%	4h	2.1390	+0.097%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1315	−0.255%	$18K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	+0.050%	$169K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0068%	4h	2.1430	+0.284%	$4.2M	$702K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1413	+0.204%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	+0.237%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1402	+0.153%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1380	+0.050%	$397K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.143%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1419	+0.231%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.143%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1400	+0.143%	$481K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1402	+0.152%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0274%	1h	2.1435	+0.307%	$381K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1410	+0.192%	$1.3M	$2.3M	50x	as long as short