Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bitget−0.048%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.048%, 7d avg +0.026%

Together, before fees+0.140%+ Points / potential airdropAster: Stage 5 · farm board+$14 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: Aster is 0.073% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1960	0.0100	pay 0.0050% / 4h	1h 43m	$15.6M	$20.6M	75x
Short	Aster TRUMPUSDT	2.1949	0.0100	get 0.0050% / 4h	1h 43m	$457K	$831K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.026%: −$7.34
Slippage, 4 orders: −$24.86
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$52.2
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Aster: live order book, 39 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 Bitget live order book, 5 min ago	2.28 bp	12.8 bp −$13	15.7 bp −$157	42.3 bp −$4,231	doesn't fit
Sell Aster live order book, 39 min ago	2.28 bp	8.0 bp −$8	21.6 bp −$216	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	−0.1472%	1h	2.1810	−0.683%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1933	−0.123%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1948	−0.055%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1941	−0.087%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1936	−0.108%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1901	−0.268%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1940	−0.091%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0088%	8h	2.1945	−0.067%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1941	−0.087%	$976K	$671K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1966	+0.027%	$14.1M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDTshort	+0.0100%	4h	2.1949	−0.048%	$457K	$831K	20x
Pacifica TRUMP	+0.0100%	1h	2.1958	−0.007%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1950	−0.046%	$62.5M	$217.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1950	−0.046%	$30.8M	$42.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1940	−0.091%	$26.8M	$149.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1940	−0.091%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1920	−0.182%	$482K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1960	0.000%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1960	long leg	$15.6M	$20.6M	75x
Variational Omni TRUMP	+0.0100%	4h	2.1883	−0.351%	$682K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1884	−0.348%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1960	0.000%	$1K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1945	−0.068%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1990	+0.137%	$518K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1942	−0.084%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1935	−0.114%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1934	−0.119%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0286%	1h	2.1966	+0.027%	$260K	$267K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	−0.228%	$4.2M	$519K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.455%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0520%	1h	2.1973	+0.057%	$1.3M	$2.4M	50x	as long as short