Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX+0.070%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$630.635% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.070%, 7d avg −0.075%

Together, before fees−0.068%+ Points / potential airdropPacifica: Active · farm board−$7 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: Pacifica is 0.145% dearer against HTX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1450	0.0100	pay 0.0050% / 4h	17m 33s	$482K	$2.4M	50x
Short	Pacifica TRUMP	2.1465	0.0100	get 0.0013% / 1h	17m 33s	$185K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.075%: $14.46
Slippage, 4 orders: −$43.47
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$49.01
Costs to cover: 0.635%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Pacifica: live order book, 20 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, 1 min ago	9.32 bp	15.3 bp −$15	61.2 bp −$612	doesn't fit	doesn't fit
Sell Pacifica live order book, 20 min ago	5.13 bp	18.8 bp −$19	doesn't fit	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	−0.1797%	1h	2.1290	−0.746%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0335%	1h	2.1445	−0.023%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	−0.039%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1456	+0.028%	$404K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0211%	4h	2.1371	−0.367%	$660K	$423K	—	as long as short
Lighter TRUMP	−0.0200%	1h	2.1448	−0.009%	$938K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0186%	4h	2.1450	0.000%	$26.7M	$184.1M	50x	as long as short
Extended TRUMP-USD	−0.0184%	1h	2.1449	−0.003%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0183%	4h	2.1456	+0.029%	$60.6M	$250.8M	75x	as long as short
Bybit TRUMPUSDT	−0.0168%	4h	2.1460	+0.047%	$30.5M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0106%	4h	2.1460	+0.047%	$7.6M	$53.3M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0100%	8h	2.1450	+0.002%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0091%	4h	2.1431	−0.087%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0067%	4h	2.1440	−0.047%	$5K	$277K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1456	+0.028%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	+0.116%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1460	+0.047%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1428	−0.103%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.559%	$167K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0057%	4h	2.1430	−0.093%	$4.1M	$686K	75x	as long as short
Bitget TRUMPUSDT	+0.0084%	4h	2.1470	+0.093%	$15.3M	$27.1M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1474	+0.112%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1469	+0.088%	$403K	$778K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1465	+0.070%	$185K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	0.000%	$399K	$148K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1450	0.000%	$173K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1450	long leg	$482K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1460	+0.046%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0278%	1h	2.1483	+0.154%	$382K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1479	+0.136%	$1.3M	$2.3M	50x	as long as short