Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h 0.000%

Price spread now: Pacifica against Bybit+0.007%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.007%, 7d avg +0.022%

Together, before fees+0.034%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1480	−0.0031	get 0.0015% / 4h	46m 19s	$30.5M	$49.3M	50x
Short	Pacifica TRUMP	2.1481	0.0100	get 0.0013% / 1h	46m 19s	$185K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.007%Rate

Funding earned: $27.5
Price spread: +0.007% → +0.022%: −$1.59
Slippage, 4 orders: −$38.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$31.54
Costs to cover: 0.575%
Break-even: 15.0 days

Slippage from Bybit: live order book, 3 min ago; Pacifica: live order book, 12 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, 3 min ago	2.33 bp	12.5 bp −$12	19.5 bp −$195	124.4 bp −$12.4K	doesn't fit
Sell Pacifica live order book, 12 min ago	5.37 bp	23.7 bp −$24	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	−0.1690%	1h	2.1340	−0.652%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0364%	1h	2.1505	+0.116%	$91	$6K	5x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1466	−0.065%	$950K	$933K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1471	−0.040%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0108%	4h	2.1470	−0.047%	$7.6M	$50.5M	75x	as long as short
Bybit TRUMPUSDTlong	−0.0031%	4h	2.1480	long leg	$30.5M	$49.3M	50x
Variational Omni TRUMP	−0.0017%	4h	2.1481	+0.006%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1496	+0.075%	$27K	$512	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0002%	8h	2.1493	+0.058%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1504	+0.112%	$405K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1485	+0.021%	$40K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0029%	4h	2.1407	−0.341%	$104K	$264K	20x	as long as short
Extended TRUMP-USD	+0.0040%	1h	2.1499	+0.090%	$74K	$745K	25x	as long as short
Binance TRUMPUSDT	+0.0040%	4h	2.1480	0.000%	$60.5M	$241.2M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0051%	4h	2.1490	+0.047%	$4K	$219K	10x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1510	+0.138%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1497	+0.079%	$14.2M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1498	+0.083%	$423K	$826K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1481	+0.007%	$185K	$53K	10x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1490	+0.047%	$27.1M	$171.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	−0.047%	$412K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	+0.047%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1500	+0.093%	$15.5M	$25.7M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1483	+0.014%	$252K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1417	−0.293%	$171K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.093%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	+0.047%	$498K	$2.1M	50x	as long as short
BloFin TRUMP-USDT	+0.0172%	4h	2.1440	−0.186%	$4.1M	$673K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1487	+0.033%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1526	+0.212%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1550	+0.326%	$279K	$281K	50x	as long as short