Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Aevo+0.055%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.055% dearer against Aevo than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

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	50m 11s	$19K	—	3x
Short	Variational Omni TRUMP	2.2172	0.0100	get 0.0050% / 4h	50m 11s	$624K	$348K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: −$0.84
Price spread: +0.055% → 0.000%: $5.52
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 29 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 Variational Omni RFQ quote, 29 min ago	5.00 bp	doesn't fit	15.7 bp −$157	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 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	−0.1537%	1h	2.2010	−0.677%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2172	+0.055%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2197	+0.167%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2161	+0.005%	$416K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2156	−0.018%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2074	−0.389%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2160	0.000%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0095%	8h	2.2207	+0.212%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2160	0.000%	$994K	$728K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2175	+0.068%	$462K	$835K	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	2.2200	+0.180%	$191K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2163	+0.013%	$63.5M	$222.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2160	0.000%	$31.1M	$43.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2160	0.000%	$27.4M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2160	0.000%	$7.5M	$47.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2140	−0.090%	$485K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2180	+0.090%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2160	0.000%	$15.8M	$21.2M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.2172	+0.055%	$624K	$348K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2130	−0.133%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2190	+0.135%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2165	+0.023%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2180	+0.090%	$528K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2161	+0.003%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERPlong	+0.0104%	1h	2.2160	long leg	$19K	—	3x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2158	−0.009%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0321%	1h	2.2189	+0.130%	$14.3M	$7.4M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2180	+0.090%	$4.2M	$634K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2010	−0.677%	$284K	$401K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0664%	1h	2.2189	+0.131%	$261K	$279K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0861%	1h	2.2184	+0.109%	$1.3M	$2.5M	50x	as long as short