Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.005%

Price spread now: Paradex against Aevo−0.073%7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.073% cheaper against Aevo than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.2160	0.0104	pay 0.0013% / 1h	41m 43s	$19K	—	3x
Short	Paradex TRUMP-USD-PERP	2.2144	0.0077	get 0.0077% / 8h	6h 41m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$5.62
Price spread: −0.073% → 0.000%: −$7.33
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$32.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Aevo and Paradex: 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	−0.1623%	1h	2.2170	+0.045%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2192	+0.143%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2120	−0.181%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2171	+0.050%	$417K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2173	+0.059%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2219	+0.268%	$108K	$263K	20x	as long as short
Gate TRUMP_USDT	+0.0056%	4h	2.2140	−0.090%	$7.8M	$48.5M	75x	as long as short
Lighter TRUMP	+0.0072%	1h	2.2117	−0.194%	$983K	$788K	10x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0077%	8h	2.2144	−0.073%	$5K	$175	5x
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2160	0.000%	$3K	$237K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2206	+0.207%	$14.9M	$6.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2189	+0.131%	$439K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2136	−0.110%	$191K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2130	−0.134%	$64.2M	$234.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2150	−0.045%	$31.7M	$47.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2150	−0.045%	$28.9M	$169.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2120	−0.181%	$441K	$144K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2180	+0.090%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2140	−0.090%	$15.8M	$23.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2152	−0.038%	$699K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.136%	$192K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2180	+0.090%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2165	+0.023%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2230	+0.316%	$577K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2140	−0.092%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERPlong	+0.0104%	1h	2.2160	long leg	$19K	—	3x
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2166	+0.027%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0328%	1h	2.2213	+0.239%	$260K	$319K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.316%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0509%	1h	2.2190	+0.136%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	−0.271%	$286K	$307K	50x	as long as short