TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.002%

Price spread now: HTX against Orderly+0.184%7-day average +0.108% · you sell dearer than you buy

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

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)−0.161%−$16 · spread now +0.184%, 7d avg +0.108%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.076% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1690	0.0082	pay 0.0041% / 4h	1h 49m	$4K	$239K	10x
Short	HTX TRUMP-USDT	2.1730	0.0100	get 0.0050% / 4h	1h 49m	$530K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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 OrderlybpFee HTXbpOrdersPrice spread, now +0.184%Rate

Funding earned: $3.75
Price spread: +0.184% → +0.108%: $7.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$6.61
Costs to cover: 0.180%
Break-even: 19.3 days

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 4 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	6.87 bp	24.6 bp −$25	32.8 bp −$328	doesn't fit	doesn't fit

Orderly: 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 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	−0.1659%	1h	2.1770	+0.369%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1718	+0.129%	$967K	$792K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1686	−0.019%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0111%	1h	2.1655	−0.161%	$84	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0110%	4h	2.1730	+0.184%	$7.6M	$49.2M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1780	+0.415%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1690	0.000%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	+0.066%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	+0.543%	$106K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0054%	8h	2.1800	+0.506%	$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_USDClong	+0.0082%	4h	2.1690	long leg	$4K	$239K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1747	+0.263%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1730	+0.184%	$430K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1796	+0.488%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1729	+0.181%	$63.1M	$235.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1730	+0.184%	$31.2M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1730	+0.184%	$27.9M	$168.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1730	+0.184%	$427K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1730	+0.184%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1740	+0.231%	$15.5M	$24.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1718	+0.129%	$255K	$316K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.649%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	+0.784%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.138%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1730	+0.184%	$530K	$2.0M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1724	+0.158%	$115K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1675	−0.069%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1707	+0.077%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1680	−0.045%	$1.2M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	+0.092%	$281K	$300K	50x	as long as short