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 −0.020%

Price spread now: GRVT against Aster−0.051%80s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.410% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now −0.051%, 7d avg −0.046%

Together, before fees−0.320%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board−$32 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1896	0.0100	pay 0.0050% / 4h	0m 19s	$456K	$836K	20x
Short	GRVT TRUMP_USDT_Perp	2.1885	0.0100	get 0.0050% / 4h	0m 19s	$187K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.046%: −$0.58
Slippage, 4 orders: −$23.98
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$41.56
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Aster: live order book, 12 min ago; GRVT: live order book, 4 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, 12 min ago	4.58 bp	8.9 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	4.57 bp	13.0 bp −$13	26.9 bp −$269	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	−0.1537%	1h	2.1760	−0.621%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1882	−0.064%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1897	+0.004%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1887	−0.041%	$410K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1892	−0.021%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1872	−0.110%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1890	−0.028%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1881	−0.069%	$981K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1891	−0.024%	$5K	—	5x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1896	long leg	$456K	$836K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1900	+0.017%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1880	−0.071%	$62.9M	$227.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1890	−0.028%	$30.7M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	−0.028%	$27.2M	$153.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1880	−0.073%	$7.4M	$48.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	−0.119%	$474K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1890	−0.028%	$4.3M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	−0.028%	$15.5M	$21.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	−0.155%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1885	−0.051%	$187K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1900	+0.018%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1885	−0.050%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1910	+0.064%	$554K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	−0.070%	$75K	$467K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1875	−0.096%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1891	−0.023%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0224%	1h	2.1914	+0.082%	$14.2M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1900	+0.018%	$4.2M	$633K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.749%	$285K	$388K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0472%	1h	2.1922	+0.119%	$256K	$283K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0872%	1h	2.1908	+0.054%	$1.3M	$2.5M	50x	as long as short