Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.001%

Price spread now: Aevo against Aster−0.161%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Aevo

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.161% cheaper against Aster than usual: you would sell low and buy high (−$16 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	Aster TRUMPUSDT	2.1615	0.0100	pay 0.0050% / 4h	3h 56m	$423K	$793K	20x
Short	Aevo TRUMP-PERP	2.1580	0.0072	get 0.0009% / 1h	56m 56s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.161%Rate

Funding earned: −$5.88
Price spread: −0.161% → 0.000%: −$16.13
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$46.01
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 61 min ago; Aevo: 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 Aster live order book, 61 min ago	6.98 bp	11.1 bp −$11	20.4 bp −$204	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.1765%	1h	2.1490	−0.577%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1591	−0.107%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0066%	1h	2.1595	−0.091%	$93	$6K	5x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1589	−0.118%	$74K	$724K	25x	as long as short
Binance TRUMPUSDT	−0.0028%	4h	2.1590	−0.114%	$60.7M	$242.8M	75x	as long as short
Variational Omni TRUMP	−0.0021%	4h	2.1561	−0.247%	$666K	$488K	—	as long as short
edgeX TRUMPUSDC	−0.0013%	4h	2.1563	−0.239%	$105K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1626	+0.054%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1598	−0.077%	$407K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1610	−0.022%	$41K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1618	+0.016%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0042%	4h	2.1590	−0.114%	$4K	$186K	10x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1593	−0.100%	$955K	$958K	10x	as long as short
Aevo TRUMP-PERPshort	+0.0072%	1h	2.1580	−0.161%	$19K	—	3x
Hyperliquid TRUMP	+0.0100%	1h	2.1605	−0.045%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1615	long leg	$423K	$793K	20x
Pacifica TRUMP	+0.0100%	1h	2.1620	+0.024%	$186K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1600	−0.068%	$30.6M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1600	−0.068%	$27.3M	$174.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1600	−0.068%	$7.6M	$50.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1590	−0.114%	$406K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	−0.022%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1610	−0.022%	$15.6M	$25.7M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1555	−0.276%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1620	+0.025%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1620	+0.025%	$513K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1607	−0.034%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1630	+0.069%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0212%	4h	2.1610	−0.022%	$4.1M	$682K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0387%	1h	2.1623	+0.038%	$340K	$370K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.438%	$278K	$275K	50x	as long as short