Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0440%/8h= −48.1% APRpaid last 24h −0.029%

Price spread now: SoDEX against HTX−0.069%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SoDEX is 0.069% cheaper against HTX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1680	0.0100	pay 0.0050% / 4h	2h 56m	$502K	$2.5M	50x
Short	SoDEX TRUMP-USD	2.1665	−0.0340	pay 0.0042% / 1h	56m 13s	$67	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$92.3
Price spread: −0.069% → 0.000%: −$6.92
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$119.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 3 min ago	6.91 bp	20.2 bp −$20	85.2 bp −$852	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TRUMP on 32 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	−0.1841%	1h	2.1600	−0.369%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USDshort	−0.0340%	1h	2.1665	−0.069%	$67	$6K	5x
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.235%	$675K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0304%	4h	2.1660	−0.092%	$31.3M	$50.5M	50x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1661	−0.088%	$942K	$967K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0257%	1h	2.1675	−0.023%	$389K	$73K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0252%	4h	2.1640	−0.185%	$27.4M	$180.5M	50x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1659	−0.098%	$77K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0247%	4h	2.1653	−0.126%	$63.4M	$244.7M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1651	−0.134%	$5	—	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1680	0.000%	$142K	$513K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0142%	8h	2.1691	+0.051%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0134%	4h	2.1670	−0.046%	$7.8M	$47.6M	75x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1706	+0.121%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0078%	4h	2.1680	0.000%	$5K	$322K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0058%	4h	2.1680	0.000%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0030%	1h	2.1698	+0.081%	$26K	$2K	5x	as long as short
BloFin TRUMP-USDT	−0.0007%	4h	2.1740	+0.277%	$4.3M	$693K	75x	as long as short
Bitget TRUMPUSDT	−0.0004%	4h	2.1690	+0.046%	$15.4M	$26.0M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.387%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1696	+0.074%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1665	−0.069%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0044%	4h	2.1670	−0.046%	$402K	$147K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1699	+0.088%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1683	+0.012%	$412K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1701	+0.097%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1734	+0.247%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1700	+0.092%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1680	long leg	$502K	$2.5M	50x
Phemex TRUMPUSDT	+0.0100%	4h	2.1670	−0.046%	$3K	$38K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1687	+0.031%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0182%	1h	2.1747	+0.309%	$387K	$411K	10x	as long as short