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: HTX against MEXC+0.187%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.187%, 7d avg +0.145%

Together, before fees+0.171%+$17 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 0.042% dearer against MEXC than usual: you sell high and buy low, +$4 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	MEXC TRUMP_USDC	2.1430	0.0100	pay 0.0050% / 4h	34m 53s	$403K	$150K	125x
Short	HTX TRUMP-USDT	2.1470	0.0100	get 0.0050% / 4h	34m 53s	$497K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now +0.187%Rate

Funding earned: $0
Price spread: +0.187% → +0.145%: $4.15
Slippage, 4 orders: −$40.41
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.25
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from MEXC: live order book, 14 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 MEXC live order book, 14 min ago	2.34 bp	8.7 bp −$9	32.4 bp −$324	133.3 bp −$13.3K	doesn't fit
Sell HTX live order book, 4 min ago	7.00 bp	19.9 bp −$20	33.7 bp −$337	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	−0.1690%	1h	2.1350	−0.373%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1437	+0.030%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0215%	1h	2.1435	+0.023%	$95	$6K	5x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1431	+0.005%	$948K	$933K	10x	as long as short
Gate TRUMP_USDT	−0.0076%	4h	2.1430	0.000%	$7.6M	$50.7M	75x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1381	−0.227%	$654K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1446	+0.075%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1447	+0.079%	$404K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1455	+0.116%	$40K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0008%	4h	2.1428	−0.012%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRUMPUSDT	+0.0013%	4h	2.1440	+0.047%	$60.3M	$241.3M	75x	as long as short
Paradex TRUMP-USD-PERP	+0.0014%	8h	2.1431	+0.004%	$5K	$175	5x	as long as short
Extended TRUMP-USD	+0.0016%	1h	2.1430	−0.001%	$74K	$749K	25x	as long as short
Bybit TRUMPUSDT	+0.0028%	4h	2.1440	+0.047%	$30.4M	$49.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0047%	4h	2.1440	+0.047%	$4K	$210K	10x	as long as short
BloFin TRUMP-USDT	+0.0052%	4h	2.1450	+0.093%	$4.1M	$678K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1426	−0.021%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1447	+0.079%	$14.2M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1447	+0.080%	$420K	$828K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1444	+0.063%	$184K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1420	−0.047%	$27.1M	$172.3M	50x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1430	long leg	$403K	$150K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1440	+0.047%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1440	+0.047%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1466	+0.168%	$251K	$315K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1419	−0.053%	$176K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1470	+0.187%	$497K	$2.1M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1444	+0.064%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1468	+0.177%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1430	0.000%	$278K	$279K	50x	as long as short