Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h −0.093%

Price spread now: edgeX against Coinbase International−0.102%77s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.738% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.102%, 7d avg −0.075%

Together, before fees−0.112%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.075%). Swap the legs. The two prices were read 77 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	Coinbase International TRUMP-PERP-INTX	2.1860	0.0288	pay 0.0036% / 1h	7m 43s	$281K	$399K	50x
Short	edgeX TRUMPUSDC	2.1838	0.0050	get 0.0025% / 4h	2h 07m	$119K	$247K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$49.98
Price spread: −0.102% → −0.075%: −$2.65
Slippage, 4 orders: −$54.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$126.44
Costs to cover: 0.738%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 15 min ago; edgeX: live order book, 15 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 Coinbase International live order book, 15 min ago	11.41 bp	25.4 bp −$25	31.4 bp −$314	doesn't fit	doesn't fit
Sell edgeX live order book, 15 min ago	6.86 bp	13.9 bp −$14	39.0 bp −$390	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	−0.1787%	1h	2.1730	−0.595%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1834	−0.118%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0208%	1h	2.1835	−0.114%	$409K	$79K	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1863	+0.016%	$1.3M	$2.3M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1828	−0.147%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1840	−0.091%	$41K	—	150x	as long as short
edgeX TRUMPUSDCshort	+0.0050%	4h	2.1838	−0.102%	$119K	$247K	20x
Lighter TRUMP	+0.0064%	1h	2.1806	−0.247%	$970K	$662K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.1800	−0.275%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1830	−0.137%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1842	−0.082%	$14.1M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1830	−0.138%	$457K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1820	−0.181%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1810	−0.229%	$62.1M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	−0.274%	$30.5M	$42.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	−0.320%	$26.7M	$147.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1800	−0.274%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	−0.274%	$479K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	−0.137%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1810	−0.229%	$15.5M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	−0.071%	$681K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1870	+0.046%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	0.000%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	−0.114%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.046%	$515K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1792	−0.311%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1822	−0.174%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0162%	1h	2.1841	−0.087%	$259K	$264K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1835	−0.115%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0288%	1h	2.1860	long leg	$281K	$399K	50x
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	0.000%	$4.2M	$503K	75x	as long as short