Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h −0.004%

Price spread now: Paradex against Bybit+0.276%49s7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.276% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1600	0.0022	pay 0.0011% / 4h	1h 06m	$30.7M	$48.6M	50x
Short	Paradex TRUMP-USD-PERP	2.1660	0.0027	get 0.0027% / 8h	5h 06m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.276%Rate

Funding earned: $1.19
Price spread: +0.276% → 0.000%: $27.56
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: $13.75
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 min ago; Paradex: 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, 2 min ago	2.31 bp	7.8 bp −$8	17.2 bp −$172	114.5 bp −$11.5K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1659%	1h	2.1580	−0.093%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1641	+0.190%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0069%	1h	2.1625	+0.116%	$83	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0038%	4h	2.1610	+0.046%	$7.6M	$50.2M	75x	as long as short
Lighter TRUMP	−0.0024%	1h	2.1602	+0.009%	$954K	$906K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1686	+0.397%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1647	+0.218%	$407K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1660	+0.278%	$42K	—	150x	as long as short
Bybit TRUMPUSDTlong	+0.0022%	4h	2.1600	long leg	$30.7M	$48.6M	50x
Paradex TRUMP-USD-PERPshort	+0.0027%	8h	2.1660	+0.276%	$5K	$175	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1694	+0.436%	$106K	$263K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0069%	4h	2.1640	+0.185%	$4K	$236K	10x	as long as short
Variational Omni TRUMP	+0.0080%	4h	2.1731	+0.605%	$685K	$456K	—	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1637	+0.171%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1646	+0.214%	$428K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1667	+0.309%	$186K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1605	+0.022%	$62.5M	$237.9M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1600	0.000%	$27.5M	$170.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1620	+0.093%	$415K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1620	+0.093%	$4.0M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1620	+0.093%	$15.6M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1650	+0.231%	$253K	$317K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1690	+0.417%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1650	+0.231%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1660	+0.278%	$532K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1599	−0.003%	$74K	$750K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1636	+0.165%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1656	+0.258%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0290%	1h	2.1654	+0.249%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1650	+0.231%	$4.3M	$654K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1640	+0.185%	$280K	$284K	50x	as long as short