Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0449%/8h= +49.2% APRpaid last 24h −0.019%

Price spread now: dYdX against Bybit+0.126%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and dYdX is 0.126% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1510	−0.0466	get 0.0233% / 4h	3h 26m	$31.0M	$51.7M	50x
Short	dYdX TRUMP-USD	2.1537	−0.0017	pay 0.0002% / 1h	26m 13s	$26K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.126%Rate

Funding earned: $94.28
Price spread: +0.126% → 0.000%: $12.55
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: $85.83
Costs to cover: 0.210%
Break-even: 0.6 days

Slippage unknown: Bybit: live order book, 3 min ago; dYdX: 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	2.34 bp	8.4 bp −$8	16.7 bp −$167	110.3 bp −$11.0K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	2.1350	−0.744%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDTlong	−0.0466%	4h	2.1510	long leg	$31.0M	$51.7M	50x
SoDEX TRUMP-USD	−0.0359%	1h	2.1515	+0.023%	$69	$6K	5x	as long as short
Variational Omni TRUMP	−0.0320%	4h	2.1381	−0.598%	$663K	$419K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0248%	4h	2.1500	−0.046%	$27.0M	$182.8M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1494	−0.074%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1531	+0.099%	$74K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0240%	4h	2.1515	+0.022%	$62.7M	$247.9M	75x	as long as short
Gate TRUMP_USDT	−0.0222%	4h	2.1530	+0.093%	$7.7M	$50.1M	75x	as long as short
Lighter TRUMP	−0.0200%	1h	2.1499	−0.051%	$940K	$992K	10x	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	−0.0145%	8h	2.1528	+0.086%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1410	−0.465%	$148K	$493K	50x	as long as short
edgeX TRUMPUSDC	−0.0126%	4h	2.1390	−0.558%	$104K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1550	+0.186%	$5K	$299K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0054%	4h	2.1540	+0.139%	$4.1M	$10.6M	50x	as long as short
dYdX TRUMP-USDshort	−0.0017%	1h	2.1537	+0.126%	$26K	$2K	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1555	+0.209%	$390K	$81K	10x	as long as short
BloFin TRUMP-USDT	0.0000%	4h	2.1540	+0.139%	$4.2M	$688K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1447	−0.294%	$40K	—	150x	as long as short
Bitget TRUMPUSDT	+0.0014%	4h	2.1540	+0.139%	$15.3M	$26.4M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0020%	4h	2.1400	−0.511%	$176K	$4.3M	10x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1531	+0.098%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0080%	4h	2.1520	+0.046%	$399K	$149K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1553	+0.200%	$13.7M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1541	+0.145%	$410K	$679K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1550	+0.185%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.325%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1550	+0.186%	$498K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1578	+0.314%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1537	+0.124%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0332%	1h	2.1552	+0.195%	$381K	$421K	10x	as long as short