Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against Aster−0.105%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.105%, 7d avg −0.066%

Together, before fees−0.059%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$6 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: Extended is 0.040% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.2032	0.0100	pay 0.0050% / 4h	2h 24m	$436K	$861K	20x
Short	Extended TRUMP-USD	2.2009	0.0104	get 0.0013% / 1h	24m 19s	$76K	$597K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0.84
Price spread: −0.105% → −0.066%: −$3.96
Slippage, 4 orders: −$21.53
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.65
Costs to cover: 0.345%
Break-even: 320.7 days

Slippage from Aster: live order book, 43 min ago; Extended: live order book, 43 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, 43 min ago	4.45 bp	9.8 bp −$10	22.2 bp −$222	doesn't fit	doesn't fit
Sell Extended live order book, 43 min ago	4.46 bp	7.5 bp −$8	30.1 bp −$301	doesn't fit	doesn't fit

TRUMP on 30 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	−0.1623%	1h	2.1960	−0.329%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2001	−0.140%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0072%	4h	2.2000	−0.147%	$7.8M	$49.2M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2056	+0.105%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2074	+0.189%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2014	−0.082%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2025	−0.034%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.2011	−0.097%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.2000	−0.147%	$4K	$239K	10x	as long as short
SoDEX TRUMP-USD	+0.0091%	1h	2.2065	+0.148%	$78	$6K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2043	+0.048%	$980K	$790K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2030	−0.011%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.2032	long leg	$436K	$861K	20x
Pacifica TRUMP	+0.0100%	1h	2.2053	+0.094%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2002	−0.136%	$63.9M	$235.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1990	−0.192%	$31.6M	$48.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2010	−0.102%	$29.0M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2010	−0.102%	$438K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2020	−0.056%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2020	−0.056%	$15.8M	$24.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2081	+0.222%	$696K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2046	+0.064%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2090	+0.262%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2090	+0.262%	$552K	$2.0M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.2009	−0.105%	$76K	$597K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.2005	−0.124%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2009	−0.104%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0301%	1h	2.2073	+0.184%	$258K	$319K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0511%	1h	2.2087	+0.246%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.715%	$288K	$307K	50x	as long as short