Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.077%

Price spread now: Coinbase International against Aster+0.084%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.084%, 7d avg +0.040%

Together, before fees−0.054%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.044% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1812	0.0100	pay 0.0050% / 4h	2h 27m	$457K	$831K	20x
Short	Coinbase International TRUMP-PERP-INTX	2.1830	0.0288	get 0.0036% / 1h	27m 33s	$280K	$398K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.084%Rate

Funding earned: $39.48
Price spread: +0.084% → +0.040%: $4.43
Slippage, 4 orders: −$46.61
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.69
Costs to cover: 0.646%
Break-even: 10.7 days

Slippage from Aster: live order book, 60 min ago; Coinbase International: live order book, 60 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, 60 min ago	4.58 bp	8.6 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell Coinbase International live order book, 60 min ago	9.15 bp	27.2 bp −$27	32.1 bp −$321	doesn't fit	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	−0.1787%	1h	2.1640	−0.787%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1809	−0.011%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1799	−0.058%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1797	−0.067%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1794	−0.081%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1796	−0.070%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1798	−0.063%	$971K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1735	−0.350%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0074%	8h	2.1808	−0.015%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1780	−0.145%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDTlong	+0.0100%	4h	2.1812	long leg	$457K	$831K	20x
Pacifica TRUMP	+0.0100%	1h	2.1812	+0.003%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1811	−0.002%	$62.1M	$215.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1820	+0.038%	$30.4M	$42.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1810	−0.008%	$26.6M	$147.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1810	−0.008%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1790	−0.099%	$479K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1800	−0.053%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.038%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1734	−0.356%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1745	−0.308%	$186K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	−0.008%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1786	−0.118%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	−0.008%	$511K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1802	−0.042%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1775	−0.168%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0136%	1h	2.1828	+0.075%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0180%	1h	2.1818	+0.029%	$261K	$260K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1792	−0.089%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0288%	1h	2.1830	+0.084%	$280K	$398K	50x
BloFin TRUMP-USDT	+0.0340%	4h	2.1740	−0.329%	$4.1M	$493K	75x	as long as short