Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.033%

Price spread now: Binance against dYdX−0.118%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.118% cheaper against dYdX than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRUMP-USD	2.2026	0	get 0.0000% / 1h	3m 27s	$28K	$512	5x
Short	Binance TRUMPUSDT	2.2000	0.0100	get 0.0050% / 4h	2h 03m	$63.9M	$235.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.118%Rate

Funding earned: $21
Price spread: −0.118% → 0.000%: −$11.82
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.82
Costs to cover: 0.200%
Break-even: 10.6 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 10 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	2.28 bp	11.3 bp −$11	15.6 bp −$156	39.8 bp −$3,979	198.1 bp −$99.1K

dYdX: 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 30 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	−0.1623%	1h	2.1800	−1.026%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1991	−0.157%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0060%	4h	2.1990	−0.164%	$7.7M	$49.9M	75x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.2026	long leg	$28K	$512	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1985	−0.186%	$414K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2005	−0.097%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1884	−0.647%	$106K	$263K	20x	as long as short
Lighter TRUMP	+0.0056%	1h	2.2003	−0.105%	$980K	$800K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0070%	8h	2.2010	−0.071%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0076%	1h	2.1975	−0.232%	$82	$6K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1990	−0.164%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2013	−0.059%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2030	+0.020%	$436K	$862K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2028	+0.009%	$190K	$56K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.2000	−0.118%	$63.9M	$235.6M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1990	−0.164%	$31.6M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2000	−0.118%	$28.6M	$170.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1990	−0.164%	$437K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2030	+0.018%	$4.3M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1990	−0.164%	$15.7M	$24.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1911	−0.522%	$690K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1923	−0.467%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2010	−0.073%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2010	−0.073%	$549K	$2.1M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2010	−0.074%	$77K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1975	−0.232%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.1995	−0.140%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0270%	1h	2.2040	+0.063%	$258K	$316K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0513%	1h	2.1998	−0.129%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.1880	−0.663%	$284K	$302K	50x	as long as short