Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.003%

Price spread now: Kraken Futures against Aster+0.072%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.072%, 7d avg +0.053%

Together, before fees−0.133%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1550	0.0100	pay 0.0050% / 4h	2h 50m	$405K	$801K	20x
Short	Kraken Futures PF_TRUMPUSD	2.1565	0.0197	get 0.0025% / 1h	50m 43s	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.072%Rate

Funding earned: $20.39
Price spread: +0.072% → +0.053%: $1.85
Slippage, 4 orders: −$41.63
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$37.4
Costs to cover: 0.596%
Break-even: 19.8 days

Slippage from Aster: live order book, 62 min ago; Kraken Futures: 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, 62 min ago	4.58 bp	8.9 bp −$9	28.6 bp −$286	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	4.64 bp	20.9 bp −$21	35.9 bp −$359	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	−0.1827%	1h	2.1420	−0.603%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0489%	1h	2.1535	−0.070%	$85	$6K	5x	as long as short
Lighter TRUMP	−0.0368%	1h	2.1521	−0.135%	$952K	$994K	10x	as long as short
Bybit TRUMPUSDT	−0.0308%	4h	2.1520	−0.139%	$30.6M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1527	−0.109%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0235%	8h	2.1494	−0.260%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0214%	1h	2.1550	0.000%	$406K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0210%	4h	2.1550	0.000%	$7.7M	$52.2M	75x	as long as short
Binance TRUMPUSDT	−0.0203%	4h	2.1529	−0.099%	$60.8M	$246.7M	75x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1519	−0.143%	$74K	$718K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0123%	4h	2.1531	−0.087%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1505	−0.211%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0036%	1h	2.1546	−0.018%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1536	−0.064%	$180K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0019%	4h	2.1530	−0.093%	$5K	$208K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1544	−0.027%	$41K	—	150x	as long as short
OKX TRUMP-USDT-SWAP	+0.0012%	4h	2.1530	−0.093%	$27.3M	$179.4M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1520	−0.140%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1520	−0.139%	$4.2M	$648K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1549	−0.005%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1550	long leg	$405K	$801K	20x
Pacifica TRUMP	+0.0100%	1h	2.1517	−0.153%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	−0.139%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1550	0.000%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1540	−0.046%	$15.5M	$26.3M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	−0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	−0.093%	$490K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1549	−0.006%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0197%	1h	2.1565	+0.072%	$1.3M	$2.3M	50x
Backpack TRUMP_USDC_PERP	+0.0377%	1h	2.1560	+0.046%	$382K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.232%	$286K	$305K	50x	as long as short