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: KuCoin against HTX−0.046%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$870.870% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.046%, 7d avg −0.078%

Together, before fees−0.090%−$9 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: KuCoin is 0.032% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1850	0.0100	pay 0.0050% / 4h	12m 35s	$553K	$1.9M	50x
Short	KuCoin TRUMPUSDTM	2.1840	0.0100	get 0.0050% / 4h	12m 35s	$4.4M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.078%: $3.23
Slippage, 4 orders: −$63.04
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$83.81
Costs to cover: 0.870%
Break-even: never at this rate

Slippage from HTX: live order book, 6 min ago; KuCoin: live order book, 6 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, 6 min ago	9.12 bp	21.0 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.28 bp	20.7 bp −$21	89.9 bp −$899	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	−0.1537%	1h	2.1770	−0.366%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1814	−0.163%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1846	−0.020%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1822	−0.128%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1823	−0.123%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1848	−0.007%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1820	−0.137%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1839	−0.050%	$979K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1834	−0.074%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1847	−0.015%	$454K	$833K	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	2.1843	−0.034%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1834	−0.073%	$62.8M	$226.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1830	−0.092%	$30.7M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	−0.092%	$27.1M	$152.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1830	−0.092%	$7.4M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	−0.137%	$473K	$134K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1840	−0.046%	$4.4M	$10.3M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	−0.046%	$15.5M	$21.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.054%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1885	+0.161%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1850	0.000%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1815	−0.160%	$74	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1850	long leg	$553K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1826	−0.111%	$75K	$467K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1805	−0.206%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1820	−0.135%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0249%	1h	2.1853	+0.014%	$14.2M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	+0.046%	$4.2M	$641K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.961%	$285K	$390K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0470%	1h	2.1826	−0.110%	$255K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0875%	1h	2.1837	−0.058%	$1.3M	$2.5M	50x	as long as short