Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against HTX−0.047%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on HTX Short on Aster

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)+0.114%+$11 · spread now −0.047%, 7d avg −0.065%

Together, before fees−0.054%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1470	0.0100	pay 0.0050% / 4h	1h 07m	$487K	$2.4M	50x
Short	Aster TRUMPUSDT	2.1460	0.0100	get 0.0050% / 4h	1h 07m	$403K	$647K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.065%: $1.86
Slippage, 4 orders: −$36.83
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$54.97
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Aster: live order book, 38 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 HTX live order book, 4 min ago	6.99 bp	13.0 bp −$13	42.3 bp −$423	doesn't fit	doesn't fit
Sell Aster live order book, 38 min ago	4.66 bp	14.7 bp −$15	26.0 bp −$260	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	−0.0437%	1h	2.1445	−0.116%	$82	$6K	5x	as long as short
Variational Omni TRUMP	−0.0392%	4h	2.1390	−0.375%	$666K	$400K	—	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1438	−0.148%	$74K	$488K	25x	as long as short
Binance TRUMPUSDT	−0.0372%	4h	2.1447	−0.106%	$62.8M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0357%	4h	2.1440	−0.140%	$27.1M	$172.9M	50x	as long as short
Bybit TRUMPUSDT	−0.0316%	4h	2.1450	−0.093%	$31.2M	$48.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.279%	$128K	$521K	50x	as long as short
MEXC TRUMP_USDC	−0.0248%	4h	2.1420	−0.233%	$388K	$144K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1439	−0.143%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1447	−0.107%	$919K	$968K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0196%	4h	2.1450	−0.093%	$7.7M	$48.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1423	−0.219%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0184%	4h	2.1460	−0.047%	$4.3M	$10.1M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0178%	8h	2.1444	−0.122%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0169%	1h	2.1457	−0.061%	$385K	$79K	10x	as long as short
BloFin TRUMP-USDT	−0.0136%	4h	2.1430	−0.186%	$4.3M	$658K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1440	−0.140%	$5K	$294K	10x	as long as short
Bitget TRUMPUSDT	−0.0038%	4h	2.1450	−0.093%	$15.5M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1432	−0.178%	$19K	—	3x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1474	+0.020%	$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	2.1463	−0.031%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1488	+0.084%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.605%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1457	−0.061%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1460	−0.047%	$403K	$647K	20x
Pacifica TRUMP	+0.0100%	1h	2.1456	−0.066%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.047%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1470	long leg	$487K	$2.4M	50x
Phemex TRUMPUSDT	+0.0100%	4h	2.1460	−0.047%	$245K	$548K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0153%	1h	2.1473	+0.014%	$384K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0211% / S −0.0211%	1h	2.1420	−0.235%	$10K	—	100x	as long as short