Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.101%

Price spread now: BloFin against dYdX+0.497%452s7-day average — · you sell dearer than you buy

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

Long on dYdX Short on BloFin

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.497% dearer against dYdX than usual: you sell high and buy low: +$50 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 452 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	dYdX TRUMP-USD	2.2120	0	get 0.0000% / 1h	40m 59s	$28K	$512	5x
Short	BloFin TRUMP-USDT	2.2230	0.0340	get 0.0170% / 4h	2h 40m	$4.4M	$697K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.497%Rate

Funding earned: $71.4
Price spread: +0.497% → 0.000%: $49.73
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $99.13
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 8 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 BloFin live order book, 8 min ago	4.50 bp	13.4 bp −$13	15.2 bp −$152	40.6 bp −$4,058	163.5 bp −$81.7K

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 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	−0.1623%	1h	2.1990	−0.588%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2102	−0.083%	$5	—	10x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.2120	long leg	$28K	$512	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2077	−0.194%	$416K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2085	−0.158%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2246	+0.570%	$108K	$262K	20x	as long as short
Gate TRUMP_USDT	+0.0056%	4h	2.2050	−0.316%	$7.8M	$48.5M	75x	as long as short
Lighter TRUMP	+0.0072%	1h	2.2051	−0.312%	$980K	$788K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2144	+0.107%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2090	−0.136%	$3K	$237K	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	2.2085	−0.160%	$14.8M	$6.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2067	−0.239%	$436K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2136	+0.071%	$191K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2049	−0.322%	$63.9M	$235.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2050	−0.316%	$31.5M	$48.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2060	−0.271%	$28.8M	$169.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2040	−0.362%	$439K	$144K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2060	−0.271%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2060	−0.271%	$15.8M	$24.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2072	−0.219%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.317%	$192K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2120	0.000%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2079	−0.185%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	+0.090%	$575K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2042	−0.352%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2070	−0.226%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2098	−0.098%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0317%	1h	2.2079	−0.185%	$258K	$319K	10x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.2230	+0.497%	$4.4M	$697K	75x
Kraken Futures PF_TRUMPUSD	+0.0511%	1h	2.2101	−0.084%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	−0.090%	$286K	$307K	50x	as long as short