Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against Aster−0.090%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.090%, 7d avg −0.023%

Together, before fees−0.132%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.067% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1720	0.0100	pay 0.0050% / 4h	1h 40m	$429K	$827K	20x
Short	Binance TRUMPUSDT	2.1700	0.0100	get 0.0050% / 4h	1h 40m	$62.9M	$236.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.023%: −$6.72
Slippage, 4 orders: −$16.47
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.19
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Aster: live order book, 23 min ago; Binance: live order book, 3 min ago.

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, 23 min ago	4.55 bp	9.9 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.29 bp	7.3 bp −$7	13.6 bp −$136	41.0 bp −$4,098	197.1 bp −$98.6K

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	−0.1659%	1h	2.1660	−0.275%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	−0.131%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1710	−0.044%	$7.6M	$49.5M	75x	as long as short
Lighter TRUMP	−0.0056%	1h	2.1689	−0.141%	$966K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1716	−0.018%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1704	−0.072%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	−0.072%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0018%	1h	2.1695	−0.113%	$83	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1711	−0.038%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1734	+0.066%	$106K	$262K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0078%	4h	2.1690	−0.136%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1721	+0.006%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1720	long leg	$429K	$827K	20x
Pacifica TRUMP	+0.0100%	1h	2.1706	−0.065%	$187K	$56K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.1700	−0.090%	$62.9M	$236.1M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1690	−0.136%	$31.0M	$48.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1700	−0.090%	$27.6M	$169.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1690	−0.136%	$426K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1710	−0.044%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1720	+0.002%	$15.5M	$25.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1681	−0.179%	$681K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1810	+0.417%	$183K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1730	+0.048%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1750	+0.140%	$532K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1689	−0.142%	$115K	$702K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1685	−0.159%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0104%	1h	2.1722	+0.011%	$256K	$318K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1706	−0.062%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1725	+0.025%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	−0.090%	$4.3M	$656K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	−0.044%	$281K	$300K	50x	as long as short