TRUMP arbitrage explained
Right now Official Trump (TRUMP) trades on 11 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $1.89 and the highest bid on HTX perp at $1.89.
The widest TRUMP perpetual spread is between OKX and HTX: long TRUMP on OKX at $1.89 and short on HTX at $1.89 for +0.21% gross, or +0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.193% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TRUMP route is to buy spot on Binance and short the perpetual on HTX: +0.05% gross, -0.15% net, with +0.015% a day of funding on the short leg.
Spot–spot TRUMP arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small TRUMP gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: TRUMP funding rates · TRUMP spread charts · Official Trump price · arbitrage scanner for all coins.