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: MEXC against HTX−0.768%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 3 days (all we have)+0.673%+$67 · spread now −0.768%, 7d avg −0.145%

Together, before fees+0.387%+$39 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: MEXC is 0.623% cheaper against HTX than usual: you would sell low and buy high, −$62 on $10k if it goes back to its 7-day average of −0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.2130	0.0100	pay 0.0050% / 4h	2h 58m	$574K	$1.9M	50x
Short	MEXC TRUMP_USDC	2.1960	0.0100	get 0.0050% / 4h	2h 58m	$473K	$130K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.768%Rate

Funding earned: $0
Price spread: −0.768% → −0.145%: −$62.27
Slippage, 4 orders: −$81.01
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$155.28
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; MEXC: live order book, 1 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, 5 min ago	2.24 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.27 bp	8.7 bp −$9	25.1 bp −$251	139.6 bp −$14.0K	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	−0.1623%	1h	2.1990	−0.633%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2042	−0.400%	$5	—	10x	as long as short
Lighter TRUMP	−0.0176%	1h	2.1945	−0.836%	$975K	$778K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1956	−0.785%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2086	−0.199%	$416K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2084	−0.207%	$44K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0017%	1h	2.2075	−0.249%	$80	$6K	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.313%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.1994	−0.614%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0092%	4h	2.2090	−0.181%	$3K	$248K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2039	−0.411%	$14.3M	$6.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2024	−0.480%	$460K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1970	−0.725%	$191K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2097	−0.151%	$63.8M	$231.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1980	−0.678%	$31.2M	$46.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2000	−0.587%	$28.5M	$164.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1990	−0.633%	$7.8M	$47.3M	75x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1960	−0.768%	$473K	$130K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2020	−0.497%	$4.1M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2040	−0.407%	$15.9M	$23.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2051	−0.356%	$702K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2080	−0.226%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2090	−0.181%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.2130	long leg	$574K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.2010	−0.544%	$78K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2084	−0.208%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2086	−0.200%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0242%	1h	2.2108	−0.099%	$263K	$311K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2100	−0.136%	$4.3M	$672K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0511%	1h	2.2107	−0.106%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2230	+0.452%	$292K	$286K	50x	as long as short