TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0295%/8h= −32.3% APRnext payment −$1.48 per $10,000 · paid last 24h −0.008%

Price spread now: Binance against HTX+0.095%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$22 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.095%, 7d avg −0.097%

Together, before fees−0.357%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.191% dearer against HTX than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.097%): +$19 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.225% in total) that is about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1410	0.0100	pay 0.0050% / 4h	1h 27m	$481K	$2.5M	50x
Short	Binance TRUMPUSDT	2.1430	−0.0195	pay 0.0098% / 4h	1h 27m	$60.5M	$251.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.095%Rate

Funding earned: −$61.96
Price spread: +0.095% → −0.097%: $19.15
Slippage, 4 orders: −$38.05
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.87
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Binance: live order book, 16 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, 1 min ago	9.35 bp	25.2 bp −$25	115.9 bp −$1,159	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.34 bp	8.4 bp −$8	13.9 bp −$139	38.7 bp −$3,867	182.6 bp −$91.3K

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	−0.701%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	−0.179%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1430	+0.093%	$74K	$601K	25x	as long as short
Binance TRUMPUSDTshort	−0.0195%	4h	2.1430	+0.095%	$60.5M	$251.8M	75x
Variational Omni TRUMP	−0.0145%	4h	2.1381	−0.134%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0104%	4h	2.1375	−0.162%	$104K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0102%	4h	2.1420	+0.047%	$26.4M	$184.7M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1423	+0.059%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1440	+0.140%	$7.7M	$53.6M	75x	as long as short
Bybit TRUMPUSDT	−0.0059%	4h	2.1420	+0.047%	$30.5M	$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
Orderly PERP_TRUMP_USDC	−0.0058%	4h	2.1390	−0.093%	$5K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0051%	8h	2.1415	+0.022%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1408	−0.009%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0011%	1h	2.1395	−0.070%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1443	+0.152%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1409	−0.007%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1386	−0.111%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0040%	4h	2.1370	−0.187%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1422	+0.056%	$946K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1456	+0.215%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1440	+0.138%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1435	+0.117%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	+0.047%	$398K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1450	+0.187%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1430	+0.093%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.093%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1410	long leg	$481K	$2.5M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1419	+0.041%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1360	−0.234%	$202K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0377%	1h	2.1451	+0.191%	$380K	$416K	10x	as long as short