Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h +0.001%

Price spread now: Aevo against Bybit−0.296%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. Aevo is 0.296% cheaper against Bybit than usual: you would sell low and buy high (spread −0.296% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 13 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1520	0.0010	pay 0.0005% / 4h	40m 41s	$30.6M	$49.3M	50x
Short	Aevo TRUMP-PERP	2.1456	0.0088	get 0.0011% / 1h	40m 41s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.296%Rate

Funding earned: $16.42
Price spread: −0.296% → 0.000%: −$29.64
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$40.22
Costs to cover: 0.270%
Break-even: 24.1 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	2.32 bp	7.8 bp −$8	16.6 bp −$166	117.2 bp −$11.7K	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	−0.1690%	1h	2.1380	−0.651%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0305%	1h	2.1475	−0.209%	$91	$6K	5x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1503	−0.079%	$951K	$933K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1461	−0.273%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0215%	1h	2.1475	−0.209%	$404K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0088%	4h	2.1510	−0.046%	$7.6M	$50.6M	75x	as long as short
Variational Omni TRUMP	−0.0012%	4h	2.1461	−0.274%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1532	+0.055%	$27K	$512	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0007%	8h	2.1505	−0.070%	$5K	$175	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1485	−0.161%	$40K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDTlong	+0.0010%	4h	2.1520	long leg	$30.6M	$49.3M	50x
edgeX TRUMPUSDC	+0.0016%	4h	2.1508	−0.057%	$105K	$263K	20x	as long as short
Binance TRUMPUSDT	+0.0023%	4h	2.1520	0.000%	$60.5M	$241.2M	75x	as long as short
Extended TRUMP-USD	+0.0024%	1h	2.1500	−0.095%	$74K	$745K	25x	as long as short
Orderly PERP_TRUMP_USDC	+0.0049%	4h	2.1460	−0.279%	$4K	$215K	10x	as long as short
Aevo TRUMP-PERPshort	+0.0088%	1h	2.1456	−0.296%	$19K	—	3x
BloFin TRUMP-USDT	+0.0091%	4h	2.1480	−0.186%	$4.1M	$677K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1539	+0.088%	$14.2M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1532	+0.054%	$423K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1530	+0.046%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1510	−0.046%	$27.2M	$172.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1510	−0.046%	$406K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1510	−0.046%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1520	0.000%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1501	−0.088%	$252K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	−0.236%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	−0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	−0.139%	$498K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1479	−0.190%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1504	−0.075%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1480	−0.186%	$278K	$281K	50x	as long as short