Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0206%/8h= +22.5% APRpaid last 24h +0.006%

Price spread now: Aevo against Binance+0.093%48s7-day average — · you sell dearer than you buy

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

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aevo is 0.093% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1450	−0.0166	get 0.0083% / 4h	39m 38s	$60.8M	$250.8M	75x
Short	Aevo TRUMP-PERP	2.1470	0.0040	get 0.0005% / 1h	39m 38s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now +0.093%Rate

Funding earned: $43.24
Price spread: +0.093% → 0.000%: $9.32
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: $26.56
Costs to cover: 0.260%
Break-even: 2.7 days

Slippage unknown: Binance: live order book, 4 min ago; Aevo: 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 Binance live order book, 4 min ago	2.32 bp	7.3 bp −$7	9.8 bp −$98	34.0 bp −$3,401	263.5 bp −$131.8K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.1797%	1h	2.1440	−0.047%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0541%	1h	2.1486	+0.168%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0282%	1h	2.1465	+0.070%	$80	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1456	+0.029%	$5	—	10x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1442	−0.037%	$937K	$1.0M	10x	as long as short
Binance TRUMPUSDTlong	−0.0166%	4h	2.1450	long leg	$60.8M	$250.8M	75x
Extended TRUMP-USD	−0.0160%	1h	2.1424	−0.120%	$76K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0152%	4h	2.1430	−0.093%	$26.6M	$184.0M	50x	as long as short
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.377%	$665K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0120%	4h	2.1450	0.000%	$7.6M	$53.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0109%	4h	2.1450	0.000%	$30.6M	$52.4M	50x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1539	+0.414%	$105K	$252K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0075%	8h	2.1431	−0.090%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0051%	4h	2.1500	+0.233%	$5K	$268K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1456	+0.028%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1504	+0.254%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0032%	4h	2.1450	0.000%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERPshort	+0.0040%	1h	2.1470	+0.093%	$19K	—	3x
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1540	+0.420%	$171K	$466K	50x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1520	+0.326%	$4.1M	$705K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1478	+0.131%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1452	+0.010%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1455	+0.023%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1440	−0.047%	$399K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1440	−0.047%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.420%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.326%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.280%	$484K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1500	+0.233%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0331%	1h	2.1499	+0.228%	$384K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1496	+0.215%	$1.3M	$2.3M	50x	as long as short