Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h −0.026%

Price spread now: Paradex against Aster−0.130%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Paradex is 0.130% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1463	0.0100	pay 0.0050% / 4h	3h 38m	$407K	$719K	20x
Short	Paradex TRUMP-USD-PERP	2.1435	−0.0162	pay 0.0162% / 8h	7h 38m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$54.97
Price spread: −0.130% → 0.000%: −$12.98
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$79.95
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 59 min ago; Paradex: no order-book sample. Net counts fees only.

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, 59 min ago	4.67 bp	10.2 bp −$10	23.9 bp −$239	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1829%	1h	2.1360	−0.478%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0665%	1h	2.1428	−0.161%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0496%	1h	2.1443	−0.091%	$388K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0300%	4h	2.1441	−0.099%	$661K	$415K	—	as long as short
Lighter TRUMP	−0.0256%	1h	2.1430	−0.152%	$937K	$989K	10x	as long as short
Binance TRUMPUSDT	−0.0250%	4h	2.1440	−0.105%	$60.8M	$246.9M	75x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1420	−0.201%	$74K	$494K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1432	−0.144%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0239%	4h	2.1450	−0.059%	$30.6M	$51.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0238%	4h	2.1460	−0.012%	$26.9M	$182.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0218%	4h	2.1440	−0.105%	$7.7M	$49.6M	75x	as long as short
Paradex TRUMP-USD-PERPshort	−0.0162%	8h	2.1435	−0.130%	$5K	$175	5x
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1410	−0.245%	$165K	$472K	50x	as long as short
edgeX TRUMPUSDC	−0.0118%	4h	2.1453	−0.046%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0095%	4h	2.1440	−0.105%	$5K	$295K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0090%	4h	2.1502	+0.184%	$181K	$4.3M	10x	as long as short
KuCoin TRUMPUSDTM	−0.0038%	4h	2.1450	−0.059%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1456	−0.029%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0006%	4h	2.1430	−0.152%	$4.2M	$685K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1460	−0.012%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1420	−0.198%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0034%	4h	2.1430	−0.152%	$15.3M	$26.6M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1460	−0.012%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1463	long leg	$407K	$719K	20x
Pacifica TRUMP	+0.0100%	1h	2.1458	−0.021%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	−0.152%	$398K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.128%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1460	−0.012%	$500K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1463	+0.004%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1458	−0.020%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0307%	1h	2.1460	−0.012%	$380K	$420K	10x	as long as short