Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.065%

Price spread now: BloFin against Aevo−0.170%53s7-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 BloFin

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

Funding pays, the price is against you. BloFin is 0.170% cheaper against Aevo than usual: you would sell low and buy high (spread −0.170% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.4 days of funding at the current rate (+$7 a day). The two prices were read 53 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	2.2007	0.0104	pay 0.0013% / 1h	33m 32s	$19K	—	3x
Short	BloFin TRUMP-USDT	2.1970	0.0340	get 0.0170% / 4h	3h 33m	$4.2M	$628K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.170%Rate

Funding earned: $49.56
Price spread: −0.170% → 0.000%: −$16.99
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.57
Costs to cover: 0.280%
Break-even: 6.4 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.29 bp	8.3 bp −$8	23.0 bp −$230	48.3 bp −$4,830	132.9 bp −$66.4K

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	−0.1608%	1h	2.1900	−0.488%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2012	+0.020%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2056	+0.223%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2022	+0.066%	$413K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2016	+0.039%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1969	−0.175%	$120K	$250K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2079	+0.325%	$984K	$766K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.2010	+0.012%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2071	+0.287%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2069	+0.278%	$459K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2086	+0.358%	$190K	$58K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2060	+0.239%	$63.1M	$222.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2060	+0.239%	$30.9M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2060	+0.239%	$27.2M	$153.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2080	+0.330%	$7.6M	$47.1M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2060	+0.239%	$478K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2070	+0.284%	$4.2M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2070	+0.284%	$15.9M	$21.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1972	−0.163%	$706K	$443K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1990	−0.080%	$180K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2030	+0.103%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2030	+0.103%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2070	+0.284%	$557K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2071	+0.287%	$76K	$612K	25x	as long as short
Aevo TRUMP-PERPlong	+0.0104%	1h	2.2007	long leg	$19K	—	3x
Hyperliquid TRUMP	+0.0200%	1h	2.2078	+0.321%	$14.2M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2015	+0.033%	$10K	—	100x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.1970	−0.170%	$4.2M	$628K	75x
Backpack TRUMP_USDC_PERP	+0.0440%	1h	2.2072	+0.294%	$258K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−0.988%	$283K	$272K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0781%	1h	2.2061	+0.244%	$1.3M	$2.5M	50x	as long as short