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: Variational Omni against Binance+0.161%7-day average −0.018% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.172%−$17 · spread now +0.161%, 7d avg −0.018%

Together, before fees−0.173%+ Points / potential airdropVariational Omni: Active · farm board−$17 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: Variational Omni is 0.179% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1827	0.0100	pay 0.0050% / 4h	3h 59m	$62.8M	$227.0M	75x
Short	Variational Omni TRUMP	2.1862	0.0100	get 0.0050% / 4h	3h 59m	$638K	$377K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → −0.018%: $17.92
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.92
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, 15 min ago. 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, 14 min ago	2.29 bp	7.3 bp −$7	11.7 bp −$117	34.9 bp −$3,486	216.8 bp −$108.4K
Sell Variational Omni RFQ quote, 15 min ago	5.02 bp	doesn't fit	14.9 bp −$149	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	−0.1608%	1h	2.1760	−0.307%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1852	+0.114%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1877	+0.229%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1843	+0.073%	$410K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1840	+0.060%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1867	+0.182%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1840	+0.060%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1834	+0.032%	$979K	$705K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1848	+0.094%	$5K	—	5x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1856	+0.132%	$14.2M	$7.6M	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	2.1850	+0.105%	$455K	$836K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1855	+0.128%	$188K	$60K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.1827	long leg	$62.8M	$227.0M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1820	−0.032%	$30.6M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	−0.032%	$27.1M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	−0.032%	$7.4M	$46.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	−0.032%	$473K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.060%	$4.2M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	−0.032%	$15.5M	$21.9M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1862	+0.161%	$638K	$377K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1888	+0.281%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.151%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	+0.037%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.197%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1831	+0.017%	$75K	$467K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1840	+0.060%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1837	+0.046%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0281%	1h	2.1836	+0.041%	$255K	$285K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	+0.197%	$4.2M	$632K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+1.068%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0788%	1h	2.1868	+0.186%	$1.3M	$2.5M	50x	as long as short