Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.060%

Price spread now: Pacifica against BloFin+0.037%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.037%, 7d avg +0.025%

Together, before fees−0.208%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.197%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.1370	0.0028	pay 0.0014% / 4h	1h 32m	$4.1M	$685K	75x
Short	Pacifica TRUMP	2.1378	0.0100	get 0.0013% / 1h	32m 27s	$184K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now +0.037%Rate

Funding earned: $15.07
Price spread: +0.037% → +0.025%: $1.26
Slippage, 4 orders: −$43.26
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.94
Costs to cover: 0.633%
Break-even: 28.8 days

Slippage from BloFin: live order book, 6 min ago; Pacifica: live order book, 10 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 BloFin live order book, 6 min ago	4.67 bp	10.7 bp −$11	12.5 bp −$125	32.4 bp −$3,238	115.8 bp −$57.9K
Sell Pacifica live order book, 10 min ago	6.55 bp	16.7 bp −$17	doesn't fit	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	−0.1927%	1h	2.1290	−0.374%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1357	−0.063%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1355	−0.071%	$74K	$656K	25x	as long as short
Binance TRUMPUSDT	−0.0208%	4h	2.1370	0.000%	$60.3M	$252.0M	75x	as long as short
Variational Omni TRUMP	−0.0157%	4h	2.1351	−0.088%	$659K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0110%	4h	2.1406	+0.170%	$104K	$264K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0099%	4h	2.1350	−0.094%	$26.4M	$184.1M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1416	+0.214%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1360	−0.047%	$7.6M	$53.6M	75x	as long as short
Bybit TRUMPUSDT	−0.0089%	4h	2.1360	−0.047%	$30.3M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0063%	8h	2.1352	−0.083%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1370	0.000%	$5K	$246K	10x	as long as short
SoDEX TRUMP-USD	−0.0034%	1h	2.1370	0.000%	$80	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1384	+0.066%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1379	+0.042%	$403K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1365	−0.023%	$40K	—	150x	as long as short
BloFin TRUMP-USDTlong	+0.0028%	4h	2.1370	long leg	$4.1M	$685K	75x
Aevo TRUMP-PERP	+0.0032%	1h	2.1350	−0.094%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1373	+0.014%	$944K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1367	−0.014%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1373	+0.015%	$401K	$778K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1378	+0.037%	$184K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1350	−0.094%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1370	0.000%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	+0.047%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1385	+0.071%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1390	+0.094%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1390	+0.094%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1370	−0.001%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1380	+0.047%	$203K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0326%	1h	2.1410	+0.187%	$379K	$415K	10x	as long as short