Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Aster−0.032%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.032%, 7d avg −0.003%

Together, before fees+0.127%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$13 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: Pacifica is 0.029% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1788	0.0100	pay 0.0050% / 4h	2h 35m	$457K	$834K	20x
Short	Pacifica TRUMP	2.1781	0.0100	get 0.0013% / 1h	35m 16s	$188K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.003%: −$2.95
Slippage, 4 orders: −$35.3
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$54.24
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Aster: live order book, 52 min ago; Pacifica: live order book, 52 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, 52 min ago	4.58 bp	8.6 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell Pacifica live order book, 52 min ago	8.48 bp	17.3 bp −$17	doesn't fit	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	−0.1787%	1h	2.1600	−0.861%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1784	−0.016%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1805	+0.080%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1759	−0.131%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1800	+0.057%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1798	+0.046%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0040%	1h	2.1760	−0.127%	$970K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1731	−0.261%	$118K	$243K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0070%	8h	2.1777	−0.048%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1790	+0.011%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TRUMP_USDC	+0.0090%	4h	2.1780	−0.035%	$478K	$134K	125x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1788	long leg	$457K	$834K	20x
Pacifica TRUMPshort	+0.0100%	1h	2.1781	−0.032%	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1797	+0.042%	$62.1M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	+0.057%	$30.3M	$42.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	+0.011%	$26.6M	$147.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1780	−0.035%	$7.4M	$46.8M	75x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1790	+0.011%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	+0.057%	$15.4M	$20.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1744	−0.199%	$679K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1770	−0.081%	$185K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	+0.103%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1789	+0.006%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	−0.035%	$510K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1782	−0.024%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1783	−0.020%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0144%	1h	2.1813	+0.116%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0153%	1h	2.1764	−0.108%	$260K	$262K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1793	+0.026%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1820	+0.149%	$281K	$397K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1800	+0.057%	$4.2M	$494K	75x	as long as short