Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.002%

Price spread now: Aevo against Bitget−0.019%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1490	0.0060	pay 0.0030% / 4h	3h 57m	$15.3M	$26.8M	75x
Short	Aevo TRUMP-PERP	2.1486	0.0032	get 0.0004% / 1h	57m 55s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.019%Rate

Funding earned: −$5.88
Price spread: −0.019% → 0.000%: −$1.92
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$35.8
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	2.32 bp	8.3 bp −$8	12.7 bp −$127	47.6 bp −$4,763	doesn't fit
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	−0.1829%	1h	2.1410	−0.372%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.1565%	4h	2.1480	−0.047%	$30.6M	$52.2M	50x	as long as short
Gate TRUMP_USDT	−0.0660%	4h	2.1480	−0.047%	$7.7M	$49.4M	75x	as long as short
SoDEX TRUMP-USD	−0.0521%	1h	2.1489	−0.005%	$72	$6K	5x	as long as short
Variational Omni TRUMP	−0.0283%	4h	2.1472	−0.083%	$663K	$421K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0261%	1h	2.1506	+0.074%	$405K	$65K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1502	+0.056%	$5	—	10x	as long as short
Lighter TRUMP	−0.0224%	1h	2.1469	−0.098%	$938K	$988K	10x	as long as short
Binance TRUMPUSDT	−0.0209%	4h	2.1475	−0.072%	$60.8M	$249.0M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1470	−0.095%	$74K	$492K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRUMP-USDT-SWAP	−0.0201%	4h	2.1470	−0.093%	$26.9M	$183.5M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1420	−0.326%	$167K	$480K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0127%	8h	2.1508	+0.083%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0099%	4h	2.1442	−0.224%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1510	+0.093%	$5K	$289K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1537	+0.218%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	0.0000%	4h	2.1480	−0.047%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1520	+0.140%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0032%	4h	2.1480	−0.047%	$4.2M	$687K	75x	as long as short
Aevo TRUMP-PERPshort	+0.0032%	1h	2.1486	−0.019%	$19K	—	3x
Bitget TRUMPUSDTlong	+0.0060%	4h	2.1490	long leg	$15.3M	$26.8M	75x
Hyperliquid TRUMP	+0.0100%	1h	2.1503	+0.060%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1506	+0.074%	$403K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1526	+0.168%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	−0.047%	$399K	$146K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1490	0.000%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	+0.186%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.093%	$495K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1518	+0.131%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1520	+0.140%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0353%	1h	2.1512	+0.102%	$384K	$418K	10x	as long as short