Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0139%/8h= +15.3% APRpaid last 24h +0.004%

Price spread now: HTX against Paradex+0.215%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on HTX

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.215% dearer against Paradex than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1384	−0.0039	get 0.0039% / 8h	57m 32s	$5K	$175	5x
Short	HTX TRUMP-USDT	2.1430	0.0100	get 0.0050% / 4h	57m 32s	$481K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paradex. 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 ParadexbpFee HTXbpOrdersPrice spread, now +0.215%Rate

Funding earned: $29.28
Price spread: +0.215% → 0.000%: $21.48
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: $34.77
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	7.01 bp	20.7 bp −$21	60.9 bp −$609	doesn't fit	doesn't fit

Paradex: 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 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	−0.1797%	1h	2.1310	−0.346%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1391	+0.034%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0221%	1h	2.1415	+0.145%	$82	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0163%	4h	2.1380	−0.018%	$60.5M	$250.8M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1379	−0.024%	$74K	$522K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0122%	4h	2.1380	−0.019%	$26.5M	$183.8M	50x	as long as short
Variational Omni TRUMP	−0.0118%	4h	2.1401	+0.080%	$661K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1390	+0.028%	$7.6M	$53.0M	75x	as long as short
edgeX TRUMPUSDC	−0.0082%	4h	2.1403	+0.090%	$104K	$254K	20x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0077%	1h	2.1424	+0.187%	$403K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0054%	4h	2.1400	+0.075%	$30.4M	$52.6M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0050%	4h	2.1410	+0.121%	$5K	$261K	10x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0039%	8h	2.1384	long leg	$5K	$175	5x
Lighter TRUMP	−0.0032%	1h	2.1388	+0.018%	$935K	$1.0M	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1406	+0.103%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1427	+0.200%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1410	+0.121%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1410	+0.121%	$175K	$454K	50x	as long as short
KuCoin TRUMPUSDTM	+0.0068%	4h	2.1400	+0.075%	$4.2M	$11.0M	50x	as long as short
BloFin TRUMP-USDT	+0.0077%	4h	2.1410	+0.121%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1419	+0.163%	$13.5M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1405	+0.097%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1410	+0.123%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	+0.028%	$398K	$146K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1390	+0.028%	$15.2M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1414	+0.138%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.121%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1430	+0.215%	$481K	$2.5M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1430	+0.213%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0165%	1h	2.1451	+0.313%	$380K	$416K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0599%	1h	2.1443	+0.277%	$1.3M	$2.3M	50x	as long as short