Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Aster against Extended+0.027%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.240%+$24 · spread now +0.027%, 7d avg +0.067%

Together, before fees+0.299%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.039% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1649	0.0104	pay 0.0013% / 1h	38m 06s	$115K	$702K	25x
Short	Aster TRUMPUSDT	2.1655	0.0100	get 0.0050% / 4h	1h 38m	$428K	$827K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$0.84
Price spread: +0.027% → +0.067%: −$3.94
Slippage, 4 orders: −$22.29
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.07
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Extended: live order book, 25 min ago; Aster: live order book, 25 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 Extended live order book, 25 min ago	4.56 bp	7.7 bp −$8	31.5 bp −$315	doesn't fit	doesn't fit
Sell Aster live order book, 25 min ago	4.55 bp	10.0 bp −$10	28.7 bp −$287	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	−0.1659%	1h	2.1560	−0.412%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1651	+0.010%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1610	−0.181%	$7.6M	$49.5M	75x	as long as short
Lighter TRUMP	−0.0056%	1h	2.1627	−0.102%	$963K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1696	+0.215%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1655	+0.027%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1664	+0.070%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0013%	1h	2.1615	−0.158%	$83	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0037%	8h	2.1685	+0.166%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1692	+0.198%	$105K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0078%	4h	2.1650	+0.004%	$4K	$239K	10x	as long as short
Bybit TRUMPUSDT	+0.0098%	4h	2.1650	+0.004%	$30.9M	$48.3M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1641	−0.037%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1655	+0.027%	$428K	$827K	20x
Pacifica TRUMP	+0.0100%	1h	2.1694	+0.207%	$187K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1650	+0.004%	$62.8M	$236.9M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1650	+0.004%	$27.4M	$169.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1630	−0.088%	$425K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1630	−0.088%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1660	+0.050%	$15.5M	$25.0M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1627	−0.102%	$255K	$318K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1681	+0.146%	$681K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1810	+0.744%	$183K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1690	+0.189%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1650	+0.004%	$530K	$2.0M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1649	long leg	$115K	$702K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1641	−0.040%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1668	+0.085%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0290%	1h	2.1638	−0.049%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1670	+0.097%	$4.3M	$655K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1640	−0.042%	$280K	$297K	50x	as long as short