Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Aster against Deribit+0.111%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.111%, 7d avg −0.012%

Together, before fees+0.163%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.123% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1824	0	get 0.0000% / 1h	26m 27s	$409K	$79K	10x
Short	Aster TRUMPUSDT	2.1848	0.0100	get 0.0050% / 4h	2h 26m	$458K	$831K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.111%Rate

Funding earned: $21
Price spread: +0.111% → −0.012%: $12.32
Slippage, 4 orders: −$55.3
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.97
Costs to cover: 0.703%
Break-even: 19.3 days

Slippage from Deribit: live order book, 62 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 Deribit live order book, 62 min ago	5.73 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	4.58 bp	10.1 bp −$10	31.6 bp −$316	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	2.1640	−0.843%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1834	+0.047%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1828	+0.019%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1839	+0.069%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	0.0000%	1h	2.1824	long leg	$409K	$79K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1818	−0.028%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1830	+0.027%	$973K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1735	−0.407%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0074%	8h	2.1838	+0.063%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1810	−0.064%	$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
Aster TRUMPUSDTshort	+0.0100%	4h	2.1848	+0.111%	$458K	$831K	20x
Pacifica TRUMP	+0.0100%	1h	2.1845	+0.095%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1832	+0.034%	$62.1M	$215.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	+0.073%	$30.4M	$42.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	+0.073%	$26.6M	$147.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1840	+0.073%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1850	+0.119%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.073%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	+0.073%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1734	−0.412%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1745	−0.364%	$186K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1840	+0.073%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1815	−0.041%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.027%	$512K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1833	+0.039%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1804	−0.092%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0139%	1h	2.1861	+0.170%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0189%	1h	2.1851	+0.124%	$261K	$260K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1821	−0.012%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1830	+0.027%	$280K	$398K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1800	−0.110%	$4.1M	$494K	75x	as long as short