Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.089%

Price spread now: Coinbase International against HTX+0.093%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.093%, 7d avg −0.013%

Together, before fees−0.055%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.106% dearer against HTX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.013%.

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 14m	$482K	$2.4M	50x
Short	Coinbase International TRUMP-PERP-INTX	2.1490	0.0192	get 0.0024% / 1h	14m 46s	$187K	$443K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.093%Rate

Funding earned: $19.32
Price spread: +0.093% → −0.013%: $10.58
Slippage, 4 orders: −$27.34
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.44
Costs to cover: 0.493%
Break-even: 14.0 days

Slippage from HTX: live order book, 4 min ago; Coinbase International: live order book, 28 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	6.97 bp	13.5 bp −$14	90.7 bp −$907	doesn't fit	doesn't fit
Sell Coinbase International live order book, 28 min ago	4.68 bp	9.7 bp −$10	14.2 bp −$142	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	−0.1927%	1h	2.1380	−0.419%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1441	−0.133%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0169%	4h	2.1457	−0.059%	$60.6M	$251.4M	75x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1449	−0.099%	$74K	$521K	25x	as long as short
Variational Omni TRUMP	−0.0117%	4h	2.1461	−0.041%	$663K	$423K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1485	+0.069%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0098%	4h	2.1450	−0.093%	$26.6M	$184.7M	50x	as long as short
edgeX TRUMPUSDC	−0.0086%	4h	2.1480	+0.045%	$105K	$265K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0056%	4h	2.1460	−0.047%	$5K	$251K	10x	as long as short
Gate TRUMP_USDT	−0.0050%	4h	2.1460	−0.047%	$7.7M	$53.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0034%	4h	2.1460	−0.047%	$30.5M	$52.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1459	−0.051%	$404K	$81K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0029%	8h	2.1456	−0.067%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0027%	1h	2.1455	−0.070%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1466	−0.020%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1454	−0.076%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1445	−0.116%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0072%	4h	2.1440	−0.140%	$4.1M	$701K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1451	−0.088%	$938K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1481	+0.051%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1467	−0.015%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1473	+0.014%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.093%	$399K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1460	−0.047%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1460	−0.047%	$15.3M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1480	+0.046%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1470	long leg	$482K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1451	−0.088%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0192%	1h	2.1490	+0.093%	$187K	$443K	50x
Backpack TRUMP_USDC_PERP	+0.0420%	1h	2.1492	+0.102%	$380K	$417K	10x	as long as short