Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit+0.124%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.124%, 7d avg +0.028%

Together, before fees−0.179%+ Points / potential airdropAster: Stage 5 · farm board−$18 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 0.097% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1580	0.0100	pay 0.0050% / 4h	3h 56m	$30.6M	$49.7M	50x
Short	Aster TRUMPUSDT	2.1607	0.0100	get 0.0050% / 4h	3h 56m	$423K	$793K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → +0.028%: $9.67
Slippage, 4 orders: −$25.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 61 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 Bybit live order book, 2 min ago	2.32 bp	9.7 bp −$10	17.5 bp −$175	128.0 bp −$12.8K	doesn't fit
Sell Aster live order book, 61 min ago	6.98 bp	12.4 bp −$12	24.6 bp −$246	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	−0.1765%	1h	2.1490	−0.417%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1591	+0.053%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0066%	1h	2.1595	+0.070%	$93	$6K	5x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1559	−0.096%	$74K	$724K	25x	as long as short
Binance TRUMPUSDT	−0.0029%	4h	2.1576	−0.019%	$60.7M	$242.8M	75x	as long as short
Variational Omni TRUMP	−0.0021%	4h	2.1561	−0.087%	$666K	$488K	—	as long as short
edgeX TRUMPUSDC	−0.0013%	4h	2.1563	−0.078%	$105K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1586	+0.028%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1598	+0.083%	$407K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1610	+0.139%	$41K	—	150x	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	+0.0041%	8h	2.1576	−0.019%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0042%	4h	2.1590	+0.046%	$4K	$186K	10x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1583	+0.014%	$955K	$958K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1580	−0.001%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1608	+0.130%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1607	+0.124%	$423K	$793K	20x
Pacifica TRUMP	+0.0100%	1h	2.1582	+0.010%	$186K	$52K	10x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.1580	long leg	$30.6M	$49.7M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1580	0.000%	$27.3M	$174.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1590	+0.046%	$7.6M	$50.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	0.000%	$406K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1600	+0.093%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1590	+0.046%	$15.6M	$25.6M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1555	−0.116%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1620	+0.185%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1620	+0.185%	$513K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1607	+0.127%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1630	+0.230%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0212%	4h	2.1610	+0.139%	$4.1M	$682K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0387%	1h	2.1623	+0.199%	$340K	$370K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.278%	$278K	$275K	50x	as long as short