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 0.000%

Price spread now: HTX against KuCoin0.000%51s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.810% of the position

Long on KuCoin Short on HTX

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)+0.016%+$2 · spread now 0.000%, 7d avg +0.079%

Together, before fees+0.164%+$16 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: HTX is 0.079% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.079%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1940	0.0100	pay 0.0050% / 4h	2h 14m	$4.2M	$11.1M	50x
Short	HTX TRUMP-USDT	2.1940	0.0100	get 0.0050% / 4h	2h 14m	$556K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.079%: −$7.89
Slippage, 4 orders: −$57.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$88.94
Costs to cover: 0.810%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; HTX: live order book, 4 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 KuCoin live order book, 4 min ago	2.27 bp	19.1 bp −$19	101.4 bp −$1,014	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	9.07 bp	24.0 bp −$24	42.2 bp −$422	doesn't fit	doesn't fit

TRUMP on 30 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	2.1890	−0.228%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1931	−0.040%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0068%	4h	2.1930	−0.046%	$7.7M	$49.6M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1946	+0.027%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1929	−0.050%	$413K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1945	+0.025%	$43K	—	150x	as long as short
Lighter TRUMP	+0.0048%	1h	2.1919	−0.096%	$975K	$792K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1945	+0.023%	$107K	$263K	20x	as long as short
SoDEX TRUMP-USD	+0.0067%	1h	2.1925	−0.068%	$77	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0070%	8h	2.1946	+0.028%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1920	−0.091%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1956	+0.073%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1931	−0.043%	$434K	$859K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1935	−0.021%	$189K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1932	−0.036%	$63.7M	$236.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1920	−0.091%	$31.5M	$48.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1930	−0.046%	$28.6M	$171.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1920	−0.091%	$436K	$147K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1940	long leg	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1940	0.000%	$15.7M	$24.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1871	−0.315%	$689K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1996	+0.257%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1950	+0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1940	0.000%	$556K	$2.0M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1920	−0.093%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1915	−0.114%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1942	+0.007%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0264%	1h	2.1932	−0.036%	$257K	$322K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1949	+0.041%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.1880	−0.273%	$284K	$303K	50x	as long as short