Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.3% APRpaid last 24h +0.033%

Price spread now: Paradex against Deribit−0.056%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.056% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1543	−0.0028	get 0.0004% / 1h	8m 28s	$406K	$81K	10x
Short	Paradex TRUMP-USD-PERP	2.1531	−0.0104	pay 0.0104% / 8h	8m 28s	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$15.83
Price spread: −0.056% → 0.000%: −$5.64
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$32.47
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 30 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 Deribit live order book, 30 min ago	8.85 bp	12.4 bp −$12	22.8 bp −$228	doesn't fit	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	−0.1797%	1h	2.1380	−0.757%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0350%	1h	2.1525	−0.084%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1527	−0.073%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0243%	4h	2.1482	−0.282%	$663K	$423K	—	as long as short
Bybit TRUMPUSDT	−0.0189%	4h	2.1530	−0.060%	$30.6M	$52.3M	50x	as long as short
Binance TRUMPUSDT	−0.0189%	4h	2.1530	−0.060%	$60.9M	$250.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0188%	4h	2.1520	−0.107%	$26.8M	$184.4M	50x	as long as short
Extended TRUMP-USD	−0.0184%	1h	2.1520	−0.107%	$74K	$496K	25x	as long as short
Lighter TRUMP	−0.0176%	1h	2.1530	−0.060%	$941K	$1.0M	10x	as long as short
Paradex TRUMP-USD-PERPshort	−0.0104%	8h	2.1531	−0.056%	$5K	$175	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0100%	4h	2.1530	−0.060%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1479	−0.295%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0071%	4h	2.1520	−0.107%	$5K	$277K	10x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	−0.0028%	1h	2.1543	long leg	$406K	$81K	10x
dYdX TRUMP-USD	−0.0004%	1h	2.1552	+0.042%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1546	+0.012%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1530	−0.060%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1511	−0.148%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0052%	4h	2.1550	+0.032%	$4.2M	$690K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.989%	$167K	$479K	50x	as long as short
Bitget TRUMPUSDT	+0.0078%	4h	2.1520	−0.107%	$15.3M	$26.9M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1549	+0.028%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	+0.031%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1551	+0.035%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	−0.107%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1497	−0.215%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.032%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	+0.125%	$496K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1549	+0.028%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0300%	1h	2.1564	+0.097%	$384K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0596%	1h	2.1552	+0.044%	$1.3M	$2.3M	50x	as long as short