Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.016%

Price spread now: dYdX against edgeX+0.277%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.277% dearer against edgeX than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TRUMPUSDC	2.1187	−0.0125	get 0.0063% / 4h	2h 30m	$103K	$265K	20x
Short	dYdX TRUMP-USD	2.1246	−0.0017	pay 0.0002% / 1h	30m 53s	$27K	$506	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.277%Rate

Funding earned: $22.71
Price spread: +0.277% → 0.000%: $27.68
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: $31.38
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: edgeX: live order book, 17 min ago; dYdX: 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 edgeX live order book, 17 min ago	6.99 bp	14.4 bp −$14	39.6 bp −$396	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	−0.1827%	1h	2.1120	−0.317%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1219	+0.151%	$938K	$997K	10x	as long as short
SoDEX TRUMP-USD	−0.0467%	1h	2.1215	+0.132%	$83	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0320%	4h	2.1240	+0.250%	$30.0M	$51.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0268%	1h	2.1225	+0.179%	$400K	$72K	10x	as long as short
Extended TRUMP-USD	−0.0264%	1h	2.1237	+0.235%	$76K	$746K	25x	as long as short
Binance TRUMPUSDT	−0.0264%	4h	2.1250	+0.297%	$59.9M	$249.9M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1212	+0.116%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0227%	8h	2.1226	+0.183%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0182%	4h	2.1212	+0.116%	$655K	$426K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0140%	4h	2.1230	+0.202%	$7.6M	$53.1M	75x	as long as short
edgeX TRUMPUSDClong	−0.0125%	4h	2.1187	long leg	$103K	$265K	20x
OKX TRUMP-USDT-SWAP	−0.0056%	4h	2.1240	+0.250%	$26.5M	$179.6M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0048%	4h	2.1200	+0.061%	$175K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0039%	4h	2.1210	+0.108%	$5K	$220K	10x	as long as short
BloFin TRUMP-USDT	−0.0024%	4h	2.1200	+0.061%	$4.1M	$680K	75x	as long as short
dYdX TRUMP-USDshort	−0.0017%	1h	2.1246	+0.277%	$27K	$506	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1235	+0.227%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1163	−0.116%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1248	+0.287%	$13.3M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1241	+0.254%	$399K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1226	+0.181%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1230	+0.202%	$395K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1230	+0.202%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1240	+0.250%	$15.2M	$26.6M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1250	+0.297%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1250	+0.297%	$479K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1231	+0.206%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0177%	1h	2.1265	+0.368%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1238	+0.242%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1230	+0.202%	$254K	$318K	50x	as long as short