Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h +0.097%

Price spread now: Coinbase International against edgeX+0.780%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$790.789% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 3 days (all we have)−0.715%−$72 · spread now +0.780%, 7d avg +0.086%

Together, before fees−0.470%+ Points / potential airdropedgeX: Active · farm board−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.695% dearer against edgeX than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of +0.086%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.245% in total (about 12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TRUMPUSDC	2.1889	0.0050	pay 0.0025% / 4h	26m 50s	$119K	$248K	20x
Short	Coinbase International TRUMP-PERP-INTX	2.2060	0.0424	get 0.0053% / 1h	26m 50s	$285K	$391K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.780%Rate

Funding earned: $78.54
Price spread: +0.780% → +0.086%: $69.45
Slippage, 4 orders: −$59.93
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $69.06
Costs to cover: 0.789%
Break-even: 0.8 days

Slippage from edgeX: live order book, 50 min ago; Coinbase International: live order book, 51 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 edgeX live order book, 50 min ago	6.85 bp	14.3 bp −$14	90.4 bp −$904	doesn't fit	doesn't fit
Sell Coinbase International live order book, 51 min ago	13.70 bp	23.1 bp −$23	26.6 bp −$266	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	−0.1537%	1h	2.1770	−0.545%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1882	−0.031%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1867	−0.100%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1897	+0.035%	$411K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1888	−0.006%	$41K	—	150x	as long as short
edgeX TRUMPUSDClong	+0.0050%	4h	2.1889	long leg	$119K	$248K	20x
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1890	+0.003%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1900	+0.049%	$982K	$740K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0097%	8h	2.1878	−0.049%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1919	+0.136%	$457K	$832K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1869	−0.092%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1903	+0.065%	$62.9M	$225.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1890	+0.003%	$30.8M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1900	+0.049%	$27.3M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1900	+0.049%	$7.4M	$48.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1910	+0.095%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	+0.095%	$4.6M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.049%	$15.5M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1902	+0.060%	$640K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1888	−0.005%	$183K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1920	+0.141%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1892	+0.013%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.186%	$556K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1896	+0.031%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1893	+0.016%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1891	+0.009%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0319%	1h	2.1910	+0.095%	$14.1M	$7.5M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1890	+0.003%	$4.2M	$635K	75x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0424%	1h	2.2060	+0.780%	$285K	$391K	50x
Backpack TRUMP_USDC_PERP	+0.0482%	1h	2.1933	+0.200%	$257K	$281K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0872%	1h	2.1915	+0.117%	$1.3M	$2.5M	50x	as long as short