Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Aster against Hyperliquid+0.009%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.009%, 7d avg −0.021%

Together, before fees+0.040%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$4 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: Aster is 0.031% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TRUMP	2.1398	0.0100	pay 0.0013% / 1h	30m 47s	$13.5M	$8.1M	10x
Short	Aster TRUMPUSDT	2.1400	0.0100	get 0.0050% / 4h	1h 30m	$402K	$778K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.021%: $3.06
Slippage, 4 orders: −$19.3
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.24
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; Aster: live order book, 12 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 Hyperliquid live order book, 2 min ago	1.87 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 12 min ago	4.67 bp	9.8 bp −$10	27.6 bp −$276	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	−0.1927%	1h	2.1260	−0.645%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1382	−0.076%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1380	−0.085%	$74K	$643K	25x	as long as short
Binance TRUMPUSDT	−0.0200%	4h	2.1390	−0.037%	$60.4M	$251.7M	75x	as long as short
Variational Omni TRUMP	−0.0145%	4h	2.1381	−0.078%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0106%	4h	2.1350	−0.223%	$104K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1420	+0.101%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0099%	4h	2.1380	−0.084%	$26.4M	$184.2M	50x	as long as short
Gate TRUMP_USDT	−0.0092%	4h	2.1390	−0.037%	$7.7M	$53.6M	75x	as long as short
Bybit TRUMPUSDT	−0.0083%	4h	2.1390	−0.037%	$30.4M	$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
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1390	−0.037%	$5K	$246K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0061%	8h	2.1368	−0.142%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0008%	1h	2.1385	−0.061%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1386	−0.055%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1401	+0.014%	$403K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1399	+0.002%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1377	−0.098%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0036%	4h	2.1410	+0.056%	$4.1M	$684K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1375	−0.107%	$944K	$1.0M	10x	as long as short
Hyperliquid TRUMPlong	+0.0100%	1h	2.1398	long leg	$13.5M	$8.1M	10x
Aster TRUMPUSDTshort	+0.0100%	4h	2.1400	+0.009%	$402K	$778K	20x
Pacifica TRUMP	+0.0100%	1h	2.1384	−0.065%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	−0.037%	$398K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1390	−0.037%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.009%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1388	−0.046%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.056%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.056%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1400	+0.011%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1360	−0.178%	$202K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0353%	1h	2.1426	+0.131%	$379K	$415K	10x	as long as short