Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.009%

Price spread now: Binance against Aevo−0.059%48s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Binance

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—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.059% cheaper against Aevo than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	2.1513	0.0032	pay 0.0004% / 1h	54m 33s	$19K	—	3x
Short	Binance TRUMPUSDT	2.1500	−0.0190	pay 0.0095% / 4h	2h 54m	$60.7M	$246.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$46.53
Price spread: −0.059% → 0.000%: −$5.88
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.41
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: 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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	2.33 bp	7.3 bp −$7	12.1 bp −$121	40.6 bp −$4,057	192.6 bp −$96.3K

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	−0.1827%	1h	2.1390	−0.570%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0463%	1h	2.1525	+0.057%	$87	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0400%	1h	2.1533	+0.095%	$405K	$72K	10x	as long as short
Lighter TRUMP	−0.0392%	1h	2.1517	+0.020%	$951K	$994K	10x	as long as short
Bybit TRUMPUSDT	−0.0274%	4h	2.1500	−0.059%	$30.5M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1497	−0.075%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0233%	8h	2.1507	−0.027%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0204%	4h	2.1520	+0.034%	$7.7M	$52.2M	75x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1499	−0.062%	$74K	$720K	25x	as long as short
Binance TRUMPUSDTshort	−0.0190%	4h	2.1500	−0.059%	$60.7M	$246.6M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0089%	4h	2.1521	+0.037%	$105K	$263K	20x	as long as short
Variational Omni TRUMP	−0.0086%	4h	2.1551	+0.179%	$665K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0065%	1h	2.1546	+0.156%	$27K	$508	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0014%	4h	2.1530	+0.081%	$5K	$207K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0012%	4h	2.1550	+0.174%	$180K	$4.7M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1519	+0.027%	$41K	—	150x	as long as short
OKX TRUMP-USDT-SWAP	+0.0027%	4h	2.1510	−0.012%	$27.3M	$179.2M	50x	as long as short
Aevo TRUMP-PERPlong	+0.0032%	1h	2.1513	long leg	$19K	—	3x
BloFin TRUMP-USDT	+0.0050%	4h	2.1470	−0.198%	$4.2M	$647K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1533	+0.095%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1532	+0.092%	$405K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1523	+0.048%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	−0.059%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	+0.034%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1520	+0.034%	$15.5M	$26.3M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.034%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.081%	$487K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1518	+0.026%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1553	+0.187%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0369%	1h	2.1569	+0.262%	$382K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1570	+0.267%	$291K	$305K	50x	as long as short