Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against Binance−0.045%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days+0.045%+$5 · spread now −0.045%, 7d avg −0.012%

Together, before fees+0.117%+$12 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: Bybit is 0.033% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.2060	0.0100	pay 0.0050% / 4h	2h 25m	$64.1M	$236.0M	75x
Short	Bybit TRUMPUSDT	2.2050	0.0100	get 0.0050% / 4h	2h 25m	$31.6M	$48.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.012%: −$3.32
Slippage, 4 orders: −$14.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.16
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bybit: 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 Binance live order book, 3 min ago	2.26 bp	8.9 bp −$9	16.3 bp −$163	41.1 bp −$4,110	272.5 bp −$136.2K
Sell Bybit live order book, 3 min ago	2.27 bp	11.9 bp −$12	18.3 bp −$183	127.2 bp −$12.7K	doesn't fit

TRUMP on 30 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	−0.1623%	1h	2.1880	−0.816%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2052	−0.038%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0058%	4h	2.2070	+0.045%	$7.8M	$49.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2056	−0.017%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2106	+0.209%	$416K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2104	+0.200%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2025	−0.159%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0073%	8h	2.2068	+0.038%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.2100	+0.181%	$4K	$240K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2060	0.000%	$981K	$790K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2082	+0.100%	$14.4M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2088	+0.127%	$437K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2055	−0.021%	$190K	$57K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.2060	long leg	$64.1M	$236.0M	75x
Bybit TRUMPUSDTshort	+0.0100%	4h	2.2050	−0.045%	$31.6M	$48.4M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2060	0.000%	$29.0M	$170.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2050	−0.045%	$439K	$146K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2080	+0.091%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2070	+0.045%	$15.8M	$24.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2081	+0.097%	$696K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2046	−0.061%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2120	+0.272%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2095	+0.159%	$78	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2150	+0.408%	$554K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2059	−0.005%	$76K	$597K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2090	+0.136%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2102	+0.191%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0302%	1h	2.2125	+0.295%	$259K	$319K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0510%	1h	2.2122	+0.281%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.589%	$288K	$307K	50x	as long as short