Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h −0.003%

Price spread now: Orderly against Aevo+0.045%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 Orderly

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. Orderly is 0.045% dearer against Aevo than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.1830	0.0104	pay 0.0013% / 1h	12m 14s	$19K	—	3x
Short	Orderly PERP_TRUMP_USDC	2.1840	0.0086	get 0.0043% / 4h	2h 12m	$3K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.045%Rate

Funding earned: −$3.68
Price spread: +0.045% → 0.000%: $4.53
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.16
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Aevo and Orderly: 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	−0.1787%	1h	2.1790	−0.184%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1835	+0.021%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1866	+0.165%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0070%	1h	2.1844	+0.064%	$409K	$79K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1848	+0.083%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1848	+0.082%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1873	+0.194%	$119K	$248K	20x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1831	+0.004%	$972K	$662K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0080%	8h	2.1839	+0.042%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0086%	4h	2.1840	+0.045%	$3K	$249K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1858	+0.128%	$14.1M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1845	+0.066%	$458K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1848	+0.081%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1840	+0.045%	$62.2M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	+0.045%	$30.5M	$42.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	+0.045%	$26.7M	$147.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1850	+0.091%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1810	−0.092%	$479K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1860	+0.137%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	+0.091%	$15.5M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1864	+0.155%	$682K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1890	+0.274%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.137%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	+0.022%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.183%	$515K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1833	+0.013%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERPlong	+0.0104%	1h	2.1830	long leg	$19K	—	3x
Backpack TRUMP_USDC_PERP	+0.0176%	1h	2.1857	+0.123%	$259K	$264K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1836	+0.025%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.137%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1830	−0.001%	$4.2M	$503K	75x	as long as short