Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.022%

Price spread now: edgeX against Aevo−0.280%72s7-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 edgeX

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 airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 0.280% cheaper against Aevo than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 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	2.1350	−0.0008	get 0.0001% / 1h	28m 07s	$19K	—	3x
Short	edgeX TRUMPUSDC	2.1290	−0.0178	pay 0.0089% / 4h	1h 28m	$104K	$254K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.280%Rate

Funding earned: −$35.7
Price spread: −0.280% → 0.000%: −$28.01
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$88.71
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 17 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 edgeX live order book, 17 min ago	9.33 bp	16.8 bp −$17	41.9 bp −$419	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 32 exchanges

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
SoDEX TRUMP-USD	−0.0484%	1h	2.1369	+0.089%	$77	$6K	5x	as long as short
Variational Omni TRUMP	−0.0409%	4h	2.1300	−0.234%	$662K	$400K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0375%	4h	2.1360	+0.047%	$27.0M	$172.7M	50x	as long as short
Bybit TRUMPUSDT	−0.0373%	4h	2.1370	+0.094%	$31.3M	$48.4M	50x	as long as short
Extended TRUMP-USD	−0.0368%	1h	2.1358	+0.037%	$73K	$493K	25x	as long as short
Binance TRUMPUSDT	−0.0364%	4h	2.1367	+0.078%	$63.0M	$238.4M	75x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1250	−0.468%	$130K	$512K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0264%	1h	2.1381	+0.145%	$384K	$78K	10x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1366	+0.075%	$918K	$959K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1360	+0.047%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0230%	4h	2.1380	+0.141%	$7.7M	$47.7M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0216%	8h	2.1368	+0.083%	$5K	$175	5x	as long as short
MEXC TRUMP_USDC	−0.0216%	4h	2.1350	0.000%	$386K	$143K	125x	as long as short
edgeX TRUMPUSDCshort	−0.0178%	4h	2.1290	−0.280%	$104K	$254K	20x
KuCoin TRUMPUSDTM	−0.0176%	4h	2.1360	+0.047%	$4.3M	$10.2M	50x	as long as short
BloFin TRUMP-USDT	−0.0119%	4h	2.1340	−0.047%	$4.3M	$689K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0087%	4h	2.1350	0.000%	$5K	$299K	10x	as long as short
Bitget TRUMPUSDT	−0.0052%	4h	2.1380	+0.141%	$15.4M	$24.8M	75x	as long as short
Aevo TRUMP-PERPlong	−0.0008%	1h	2.1350	long leg	$19K	—	3x
dYdX TRUMP-USD	−0.0005%	1h	2.1375	+0.116%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	0.0000%	4h	2.1304	−0.217%	$184K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1382	+0.151%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1404	+0.251%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+1.171%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1383	+0.155%	$13.5M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1370	+0.094%	$403K	$643K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1353	+0.014%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1370	+0.094%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1400	+0.234%	$486K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1360	+0.047%	$195K	$453K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0139%	1h	2.1406	+0.262%	$382K	$390K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0204% / S −0.0199%	1h	2.1369	+0.088%	$10K	—	100x	as long as short