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 0.000%

Price spread now: OKX against Aster−0.198%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.198%, 7d avg −0.043%

Together, before fees+0.228%+ Points / potential airdropAster: Stage 5 · farm board+$23 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: OKX is 0.155% cheaper against Aster than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1783	0.0100	pay 0.0050% / 4h	3h 50m	$426K	$794K	20x
Short	OKX TRUMP-USDT-SWAP	2.1740	0.0100	get 0.0050% / 4h	3h 50m	$27.5M	$176.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.198%Rate

Funding earned: $0
Price spread: −0.198% → −0.043%: −$15.51
Slippage, 4 orders: −$15.4
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.91
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; OKX: 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, 2 min ago	4.58 bp	8.9 bp −$9	28.6 bp −$286	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.30 bp	7.3 bp −$7	9.9 bp −$99	42.7 bp −$4,273	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	−0.1765%	1h	2.1670	−0.519%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	−0.007%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1779	−0.019%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0032%	4h	2.1750	−0.152%	$61.3M	$243.5M	75x	as long as short
edgeX TRUMPUSDC	−0.0015%	4h	2.1745	−0.173%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1776	−0.031%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1785	+0.009%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1794	+0.051%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	−0.009%	$676K	$514K	—	as long as short
SoDEX TRUMP-USD	+0.0017%	1h	2.1775	−0.037%	$95	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0041%	4h	2.1780	−0.014%	$4K	$180K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0043%	8h	2.1745	−0.174%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1792	+0.039%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1754	−0.134%	$963K	$959K	10x	as long as short
Gate TRUMP_USDT	+0.0094%	4h	2.1760	−0.106%	$7.8M	$50.8M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1767	−0.074%	$13.8M	$7.9M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1783	long leg	$426K	$794K	20x
Pacifica TRUMP	+0.0100%	1h	2.1755	−0.128%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1750	−0.152%	$30.8M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1740	−0.198%	$27.5M	$176.4M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1760	−0.106%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	−0.060%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	+0.032%	$15.7M	$25.7M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1815	+0.148%	$187K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.032%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	+0.032%	$512K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1790	+0.031%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1790	+0.031%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0210%	4h	2.1750	−0.152%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−1.208%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0462%	1h	2.1796	+0.059%	$342K	$375K	10x	as long as short