Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.012%

Price spread now: Paradex against edgeX−0.054%52s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.054% cheaper against edgeX than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.9 days of funding at the current rate (+$1 a day). The two prices were read 52 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	2.1546	−0.0005	get 0.0002% / 4h	16m 32s	$105K	$264K	20x
Short	Paradex TRUMP-USD-PERP	2.1535	0.0032	get 0.0032% / 8h	4h 16m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.054%Rate

Funding earned: $7.73
Price spread: −0.054% → 0.000%: −$5.38
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.65
Costs to cover: 0.130%
Break-even: 16.6 days

Slippage unknown: edgeX: live order book, 41 min ago; Paradex: 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, 41 min ago	6.97 bp	14.6 bp −$15	38.9 bp −$389	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1690%	1h	2.1430	−0.539%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1537	−0.045%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0119%	1h	2.1555	+0.041%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1550	+0.017%	$7.6M	$51.0M	75x	as long as short
Lighter TRUMP	−0.0048%	1h	2.1542	−0.020%	$953K	$957K	10x	as long as short
Binance TRUMPUSDT	−0.0010%	4h	2.1540	−0.029%	$60.5M	$241.6M	75x	as long as short
Variational Omni TRUMP	−0.0009%	4h	2.1551	+0.022%	$665K	$488K	—	as long as short
Extended TRUMP-USD	−0.0008%	1h	2.1534	−0.056%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDClong	−0.0005%	4h	2.1546	long leg	$105K	$264K	20x
dYdX TRUMP-USD	−0.0002%	1h	2.1556	+0.046%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1562	+0.073%	$406K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1550	+0.017%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0032%	8h	2.1535	−0.054%	$5K	$175	5x
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1550	+0.017%	$4K	$206K	10x	as long as short
Bybit TRUMPUSDT	+0.0079%	4h	2.1540	−0.029%	$30.5M	$49.6M	50x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1550	+0.017%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1569	+0.106%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1563	+0.078%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1562	+0.073%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1540	−0.029%	$27.2M	$173.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1540	−0.029%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1550	+0.017%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1540	−0.029%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1585	+0.180%	$253K	$318K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1530	−0.075%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.157%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.157%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1569	+0.106%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1588	+0.193%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0230%	4h	2.1560	+0.064%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1560	+0.064%	$279K	$280K	50x	as long as short