Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against Aster−0.006%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now −0.006%, 7d avg −0.077%

Together, before fees−0.326%+ Points / potential airdropAster: Stage 5 · farm board−$33 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: MEXC is 0.071% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1501	0.0100	pay 0.0050% / 4h	2h 12m	$404K	$772K	20x
Short	MEXC TRUMP_USDC	2.1500	0.0100	get 0.0050% / 4h	2h 12m	$401K	$150K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.077%: $7.13
Slippage, 4 orders: −$19.56
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.43
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Aster: live order book, 35 min ago; MEXC: live order book, 27 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, 35 min ago	4.66 bp	8.7 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit
Sell MEXC live order book, 27 min ago	2.36 bp	2.4 bp −$2	14.9 bp −$149	132.3 bp −$13.2K	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	−0.1827%	1h	2.1360	−0.657%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0392%	1h	2.1481	−0.094%	$949K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0341%	1h	2.1475	−0.122%	$82	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0295%	4h	2.1500	−0.006%	$30.4M	$51.9M	50x	as long as short
Extended TRUMP-USD	−0.0280%	1h	2.1484	−0.081%	$74K	$740K	25x	as long as short
Binance TRUMPUSDT	−0.0279%	4h	2.1492	−0.045%	$60.6M	$250.9M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1497	−0.022%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0221%	4h	2.1411	−0.418%	$661K	$426K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0215%	1h	2.1487	−0.067%	$405K	$72K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0195%	8h	2.1484	−0.081%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0139%	4h	2.1420	−0.380%	$104K	$265K	20x	as long as short
Gate TRUMP_USDT	−0.0128%	4h	2.1500	−0.006%	$7.7M	$53.7M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0080%	4h	2.1500	−0.006%	$27.0M	$183.0M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0058%	4h	2.1490	−0.053%	$5K	$229K	10x	as long as short
BloFin TRUMP-USDT	−0.0040%	4h	2.1480	−0.099%	$4.1M	$688K	75x	as long as short
dYdX TRUMP-USD	−0.0018%	1h	2.1496	−0.024%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0002%	4h	2.1440	−0.285%	$182K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1476	−0.118%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.062%	$41K	—	150x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1514	+0.059%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1501	long leg	$404K	$772K	20x
Pacifica TRUMP	+0.0100%	1h	2.1491	−0.049%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1500	−0.006%	$401K	$150K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1500	−0.006%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1500	−0.006%	$15.4M	$26.8M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.040%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.040%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1511	+0.045%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1500	−0.007%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0239%	1h	2.1518	+0.078%	$383K	$411K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1480	−0.099%	$237K	$362K	50x	as long as short