Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against HTX+0.137%46s7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as 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−$550.547% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 3 days (all we have)−0.184%−$18 · spread now +0.137%, 7d avg −0.097%

Together, before fees−0.295%−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.234% dearer against HTX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.097%. The two prices were read 46 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	HTX TRUMP-USDT	2.1900	0.0100	pay 0.0050% / 4h	1h 06m	$528K	$1.8M	50x
Short	Bitget TRUMPUSDT	2.1930	0.0100	get 0.0050% / 4h	1h 06m	$15.5M	$21.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.137%Rate

Funding earned: $0
Price spread: +0.137% → −0.097%: $23.44
Slippage, 4 orders: −$30.72
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.29
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Bitget: live order book, 7 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, 2 min ago	9.13 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 7 min ago	2.29 bp	10.1 bp −$10	15.5 bp −$155	44.1 bp −$4,408	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	−0.1472%	1h	2.1800	−0.457%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1927	+0.123%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1905	+0.023%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1895	−0.023%	$411K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1893	−0.032%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1888	−0.054%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1880	−0.091%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0093%	8h	2.1914	+0.064%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1910	+0.046%	$986K	$723K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1953	+0.240%	$14.1M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1920	+0.091%	$456K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1920	+0.090%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1935	+0.160%	$62.5M	$220.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1930	+0.137%	$30.6M	$43.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1920	+0.091%	$26.9M	$151.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	+0.046%	$7.4M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	0.000%	$481K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	+0.046%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1930	+0.137%	$15.5M	$21.1M	75x
Variational Omni TRUMP	+0.0100%	4h	2.1882	−0.082%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1911	+0.051%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	+0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	−0.023%	$74	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1900	long leg	$528K	$1.8M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1916	+0.071%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1880	−0.091%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1895	−0.024%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0338%	1h	2.1931	+0.142%	$259K	$274K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	+0.046%	$4.2M	$626K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1890	−0.046%	$282K	$401K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1925	+0.114%	$1.3M	$2.5M	50x	as long as short