Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: Pacifica against edgeX−0.028%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.214%+$21 on $10k

Price spread, last 4 days (all we have)−0.478%−$48 · spread now −0.028%, 7d avg +0.024%

Together, before fees−0.264%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.052% cheaper against edgeX than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.024%). If the spread goes back, that is −$5 on $10k: about 3.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.214% in total) that is about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TRUMPUSDC	2.2025	0.0050	pay 0.0025% / 4h	2h 23m	$107K	$262K	20x
Short	Pacifica TRUMP	2.2019	0.0100	get 0.0013% / 1h	23m 22s	$190K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.028%Rate

Funding earned: $10.5
Price spread: −0.028% → +0.024%: −$5.21
Slippage, 4 orders: −$56.55
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$68.26
Costs to cover: 0.736%
Break-even: 52.5 days

Slippage from edgeX: live order book, 44 min ago; Pacifica: live order book, 45 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, 44 min ago	8.92 bp	15.9 bp −$16	36.7 bp −$367	doesn't fit	doesn't fit
Sell Pacifica live order book, 45 min ago	10.70 bp	23.2 bp −$23	doesn't fit	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	2.1890	−0.613%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1974	−0.232%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0070%	4h	2.1980	−0.204%	$7.8M	$49.2M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2036	+0.050%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1988	−0.168%	$414K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1984	−0.184%	$43K	—	150x	as long as short
edgeX TRUMPUSDClong	+0.0050%	4h	2.2025	long leg	$107K	$262K	20x
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.2010	−0.069%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0076%	1h	2.1986	−0.177%	$78	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1970	−0.249%	$4K	$239K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2006	−0.086%	$979K	$790K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2005	−0.090%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2002	−0.106%	$435K	$861K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.2019	−0.028%	$190K	$57K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1980	−0.204%	$63.8M	$235.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1970	−0.249%	$31.6M	$48.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1980	−0.204%	$29.0M	$170.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1970	−0.249%	$437K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1990	−0.159%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1990	−0.159%	$15.8M	$24.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2081	+0.256%	$696K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2043	+0.081%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2000	−0.113%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2060	+0.159%	$552K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1979	−0.208%	$76K	$597K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1980	−0.204%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1982	−0.195%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0293%	1h	2.2049	+0.109%	$258K	$319K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0513%	1h	2.2023	−0.007%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2020	−0.022%	$286K	$305K	50x	as long as short