Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against HTX−0.850%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1031.025% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 3 days (all we have)+0.811%+$81 · spread now −0.850%, 7d avg −0.090%

Together, before fees+0.733%+$73 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: Gate is 0.760% cheaper against HTX than usual: you would sell low and buy high, −$76 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.2360	0.0100	pay 0.0050% / 4h	3h 03m	$583K	$1.9M	50x
Short	Gate TRUMP_USDT	2.2170	0.0100	get 0.0050% / 4h	3h 03m	$7.9M	$49.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.850%Rate

Funding earned: $0
Price spread: −0.850% → −0.090%: −$75.98
Slippage, 4 orders: −$75.54
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$178.52
Costs to cover: 1.025%
Break-even: never at this rate

Slippage from HTX: live order book, just now; Gate: live order book, 5 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, just now	2.24 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.23 bp	13.1 bp −$13	31.0 bp −$310	64.8 bp −$6,483	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	−0.1608%	1h	2.2260	−0.447%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2381	+0.095%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2200	−0.716%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2356	−0.018%	$419K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2395	+0.159%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2432	+0.322%	$109K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0085%	8h	2.2185	−0.782%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0094%	4h	2.2370	+0.045%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2179	−0.809%	$983K	$783K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2201	−0.713%	$463K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2200	−0.716%	$193K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2190	−0.760%	$64.2M	$229.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2190	−0.760%	$31.4M	$46.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2200	−0.716%	$28.8M	$163.1M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.2170	−0.850%	$7.9M	$49.2M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.2180	−0.805%	$478K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2190	−0.760%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2160	−0.894%	$16.1M	$22.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	−0.175%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+0.058%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2390	+0.134%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2325	−0.157%	$81	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.2360	long leg	$583K	$1.9M	50x
Hyperliquid TRUMP	+0.0100%	1h	2.2230	−0.581%	$14.4M	$6.6M	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2140	−0.984%	$79K	$600K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2351	−0.038%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2398	+0.172%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2350	−0.045%	$4.3M	$672K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0457%	1h	2.2272	−0.394%	$263K	$302K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2430	+0.313%	$295K	$288K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0772%	1h	2.2331	−0.130%	$1.3M	$2.6M	50x	as long as short