Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0384%/8h= −42.1% APRpaid last 24h −0.013%

Price spread now: Bybit against Aevo+0.277%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 Bybit

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

The price spread pays, funding is against you. Bybit is 0.277% dearer against Aevo than usual: you sell high and buy low (spread +0.277% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.1680	0.0024	pay 0.0003% / 1h	8m 09s	$19K	—	3x
Short	Bybit TRUMPUSDT	2.1740	−0.0360	pay 0.0180% / 4h	3h 08m	$31.3M	$50.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.277%Rate

Funding earned: −$80.73
Price spread: +0.277% → 0.000%: $27.68
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$80.06
Costs to cover: 0.270%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Bybit: 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 Bybit live order book, 1 min ago	2.30 bp	7.8 bp −$8	15.7 bp −$157	96.9 bp −$9,691	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 32 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	−0.1829%	1h	2.1600	−0.369%	$13K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0487%	1h	2.1695	+0.069%	$393K	$68K	10x	as long as short
Bybit TRUMPUSDTshort	−0.0360%	4h	2.1740	+0.277%	$31.3M	$50.7M	50x
Variational Omni TRUMP	−0.0344%	4h	2.1731	+0.237%	$672K	$419K	—	as long as short
SoDEX TRUMP-USD	−0.0300%	1h	2.1695	+0.069%	$68	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1721	+0.191%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0241%	4h	2.1740	+0.277%	$27.5M	$181.8M	50x	as long as short
Binance TRUMPUSDT	−0.0225%	4h	2.1730	+0.231%	$63.6M	$245.4M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1684	+0.021%	$75K	$491K	25x	as long as short
Lighter TRUMP	−0.0216%	1h	2.1693	+0.060%	$945K	$997K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1720	+0.185%	$142K	$514K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0127%	8h	2.1749	+0.320%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1673	−0.033%	$106K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1690	+0.046%	$5K	$314K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0044%	4h	2.1710	+0.138%	$4.2M	$10.5M	50x	as long as short
Gate TRUMP_USDT	−0.0022%	4h	2.1720	+0.185%	$7.8M	$50.8M	75x	as long as short
dYdX TRUMP-USD	−0.0011%	1h	2.1776	+0.444%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDT	+0.0008%	4h	2.1710	+0.138%	$15.4M	$26.1M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1774	+0.435%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0016%	4h	2.1730	+0.231%	$4.3M	$694K	75x	as long as short
Aevo TRUMP-PERPlong	+0.0024%	1h	2.1680	long leg	$19K	—	3x
MEXC TRUMP_USDC	+0.0066%	4h	2.1710	+0.138%	$404K	$150K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1735	+0.254%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1734	+0.247%	$413K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1766	+0.396%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1730	+0.230%	$183K	$4.2M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.185%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.231%	$500K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1700	+0.092%	$2K	$4K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0120%	1h	2.1733	+0.245%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1709	+0.136%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0372%	1h	2.1751	+0.327%	$387K	$411K	10x	as long as short