Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.025%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.025%, 7d avg −0.025%

Together, before fees+0.032%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1866	0.0100	pay 0.0050% / 4h	6m 01s	$454K	$833K	20x
Short	Bybit TRUMPUSDT	2.1860	0.0100	get 0.0050% / 4h	6m 01s	$30.7M	$44.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.025%: −$0.01
Slippage, 4 orders: −$19.86
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.87
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from Aster: live order book, 7 min ago; Bybit: 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, 7 min ago	4.58 bp	8.9 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.28 bp	7.8 bp −$8	14.1 bp −$141	101.5 bp −$10.2K	doesn't fit

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	2.1760	−0.483%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1832	−0.153%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1884	+0.086%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1845	−0.094%	$410K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1846	−0.089%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1874	+0.041%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1840	−0.117%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1845	−0.094%	$979K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1868	+0.010%	$5K	—	5x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1866	long leg	$454K	$833K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1882	+0.073%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1860	−0.025%	$62.9M	$226.9M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1860	−0.025%	$30.7M	$44.7M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	−0.025%	$27.1M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1850	−0.071%	$7.4M	$48.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	−0.162%	$473K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	−0.071%	$4.2M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1860	−0.025%	$15.4M	$21.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1822	−0.199%	$637K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1898	+0.147%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.112%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1845	−0.094%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1880	+0.066%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1851	−0.068%	$75K	$467K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1825	−0.185%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1836	−0.133%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0235%	1h	2.1880	+0.066%	$14.2M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1880	+0.066%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.889%	$285K	$388K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0472%	1h	2.1871	+0.025%	$256K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0874%	1h	2.1872	+0.031%	$1.3M	$2.5M	50x	as long as short