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: OKX against Binance−0.014%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.014%, 7d avg −0.017%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.2173	0.0100	pay 0.0050% / 4h	2h 46m	$64.2M	$234.5M	75x
Short	OKX TRUMP-USDT-SWAP	2.2170	0.0100	get 0.0050% / 4h	2h 46m	$28.8M	$169.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.017%: $0.22
Slippage, 4 orders: −$14.16
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.94
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago	2.27 bp	9.9 bp −$10	16.4 bp −$164	44.3 bp −$4,425	254.8 bp −$127.4K
Sell OKX live order book, 3 min ago	2.25 bp	9.8 bp −$10	15.4 bp −$154	47.2 bp −$4,715	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	−0.1623%	1h	2.2120	−0.240%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2172	−0.007%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2166	−0.030%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2194	+0.094%	$418K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2184	+0.051%	$43K	—	150x	as long as short
Lighter TRUMP	+0.0024%	1h	2.2181	+0.035%	$986K	$787K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2256	+0.375%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0079%	8h	2.2202	+0.130%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.2190	+0.076%	$3K	$241K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2219	+0.207%	$14.9M	$6.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.2203	+0.135%	$438K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2197	+0.105%	$191K	$57K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.2173	long leg	$64.2M	$234.5M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2170	−0.014%	$31.6M	$47.7M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.2170	−0.014%	$28.8M	$169.0M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.2190	+0.076%	$7.8M	$48.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2180	+0.031%	$442K	$144K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2190	+0.076%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2180	+0.031%	$15.9M	$23.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2152	−0.098%	$699K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2295	+0.547%	$194K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2200	+0.121%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2185	+0.053%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2240	+0.301%	$577K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2159	−0.062%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2178	+0.021%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2185	+0.051%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0340%	1h	2.2213	+0.180%	$260K	$320K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.256%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0508%	1h	2.2209	+0.161%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	−0.330%	$286K	$307K	50x	as long as short