Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.001%

Price spread now: Bitget against Aevo+0.185%7-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 Bitget

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.185% dearer against Aevo than usual: you sell high and buy low: +$19 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	Aevo TRUMP-PERP	2.1570	0.0072	pay 0.0009% / 1h	57m 52s	$19K	—	3x
Short	Bitget TRUMPUSDT	2.1610	0.0100	get 0.0050% / 4h	3h 57m	$15.6M	$25.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.185%Rate

Funding earned: $5.88
Price spread: +0.185% → 0.000%: $18.54
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$3.58
Costs to cover: 0.280%
Break-even: 11.3 days

Slippage unknown: Aevo: no order-book sample; Bitget: 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	2.32 bp	10.7 bp −$11	20.6 bp −$206	54.5 bp −$5,450	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	−0.1765%	1h	2.1490	−0.371%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1552	−0.086%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0045%	1h	2.1585	+0.070%	$94	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0027%	4h	2.1607	+0.172%	$60.8M	$242.9M	75x	as long as short
Extended TRUMP-USD	−0.0024%	1h	2.1589	+0.088%	$74K	$724K	25x	as long as short
Variational Omni TRUMP	−0.0021%	4h	2.1561	−0.041%	$666K	$488K	—	as long as short
edgeX TRUMPUSDC	−0.0011%	4h	2.1551	−0.088%	$105K	$265K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1566	−0.018%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1589	+0.088%	$406K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1570	−0.002%	$41K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	+0.0039%	8h	2.1563	−0.032%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0042%	4h	2.1570	0.000%	$4K	$186K	10x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1584	+0.065%	$955K	$958K	10x	as long as short
Aevo TRUMP-PERPlong	+0.0072%	1h	2.1570	long leg	$19K	—	3x
Hyperliquid TRUMP	+0.0100%	1h	2.1619	+0.227%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1608	+0.177%	$423K	$793K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1564	−0.028%	$185K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1610	+0.185%	$30.6M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1600	+0.139%	$27.4M	$174.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1600	+0.139%	$7.6M	$50.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1590	+0.093%	$406K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	+0.185%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1610	+0.185%	$15.6M	$25.6M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1500	−0.325%	$183K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1610	+0.185%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.139%	$513K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1570	−0.002%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1620	+0.233%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0215%	4h	2.1550	−0.093%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0308%	1h	2.1631	+0.283%	$340K	$370K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.232%	$278K	$275K	50x	as long as short