Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Extended against edgeX+0.532%93s7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.477% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−1.091%−$109 · spread now +0.532%, 7d avg −0.037%

Together, before fees−1.100%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$110 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.569% dearer against edgeX than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of −0.037%. The two prices were read 93 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	edgeX TRUMPUSDC	2.1884	0.0050	pay 0.0025% / 4h	2h 03m	$106K	$263K	20x
Short	Extended TRUMP-USD	2.2000	0.0104	get 0.0013% / 1h	3m 50s	$77K	$599K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.532%Rate

Funding earned: $11.34
Price spread: +0.532% → −0.037%: $56.89
Slippage, 4 orders: −$33.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $20.5
Costs to cover: 0.477%
Break-even: from the start

Slippage from edgeX: live order book, 64 min ago; Extended: live order book, 64 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, 64 min ago	8.92 bp	15.9 bp −$16	36.7 bp −$367	doesn't fit	doesn't fit
Sell Extended live order book, 64 min ago	4.46 bp	7.5 bp −$8	30.1 bp −$301	doesn't fit	doesn't fit

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	−0.382%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1991	+0.492%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0058%	4h	2.2010	+0.578%	$7.7M	$49.9M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2026	+0.651%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1985	+0.463%	$414K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1995	+0.509%	$43K	—	150x	as long as short
edgeX TRUMPUSDClong	+0.0050%	4h	2.1884	long leg	$106K	$263K	20x
Lighter TRUMP	+0.0056%	1h	2.2003	+0.546%	$980K	$800K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0070%	8h	2.1964	+0.366%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0076%	1h	2.1975	+0.418%	$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	2.1980	+0.440%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2034	+0.687%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2029	+0.664%	$436K	$862K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2028	+0.660%	$190K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2016	+0.605%	$64.0M	$235.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2010	+0.578%	$31.6M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2020	+0.623%	$28.6M	$170.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2000	+0.532%	$437K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2030	+0.669%	$4.3M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2010	+0.578%	$15.7M	$24.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1911	+0.126%	$690K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1803	−0.367%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2010	+0.578%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2010	+0.578%	$549K	$2.1M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.2000	+0.532%	$77K	$599K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1965	+0.372%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1994	+0.506%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0270%	1h	2.2040	+0.715%	$258K	$316K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0513%	1h	2.1998	+0.521%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.1880	−0.016%	$284K	$302K	50x	as long as short