Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Aevo+0.304%49s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.304% dearer against Aevo than usual: you sell high and buy low, +$30 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Aevo TRUMP-PERP	2.1639	0.0104	pay 0.0013% / 1h	38m 37s	$19K	—	3x
Short	Aster TRUMPUSDT	2.1705	0.0100	get 0.0050% / 4h	1h 38m	$429K	$827K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.304%Rate

Funding earned: −$0.84
Price spread: +0.304% → 0.000%: $30.45
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: $5.61
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 24 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 24 min ago	4.55 bp	10.0 bp −$10	28.7 bp −$287	doesn't fit	doesn't fit

Aevo: 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	−0.1659%	1h	2.1560	−0.365%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1661	+0.103%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1680	+0.190%	$7.6M	$49.5M	75x	as long as short
Lighter TRUMP	−0.0056%	1h	2.1686	+0.217%	$966K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1696	+0.262%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1655	+0.074%	$408K	$72K	10x	as long as short
SoDEX TRUMP-USD	+0.0004%	1h	2.1640	+0.005%	$81	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1664	+0.117%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0037%	8h	2.1685	+0.213%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1692	+0.244%	$105K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0078%	4h	2.1650	+0.051%	$4K	$239K	10x	as long as short
Bybit TRUMPUSDT	+0.0098%	4h	2.1660	+0.097%	$31.0M	$48.2M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1704	+0.300%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1705	+0.304%	$429K	$827K	20x
Pacifica TRUMP	+0.0100%	1h	2.1694	+0.254%	$187K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1666	+0.126%	$62.8M	$236.1M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1650	+0.051%	$27.6M	$168.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1690	+0.236%	$426K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1700	+0.282%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1700	+0.282%	$15.5M	$25.0M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1685	+0.213%	$255K	$318K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1681	+0.193%	$681K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1810	+0.791%	$183K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.374%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	+0.236%	$531K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1684	+0.208%	$115K	$702K	25x	as long as short
Aevo TRUMP-PERPlong	+0.0104%	1h	2.1639	long leg	$19K	—	3x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1659	+0.093%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0290%	1h	2.1671	+0.147%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1670	+0.143%	$4.3M	$655K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	+0.328%	$281K	$298K	50x	as long as short