Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: Binance against Extended+0.086%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.086%, 7d avg +0.044%

Together, before fees+0.027%+ Points / potential airdropExtended: Active · farm board+$3 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: Binance is 0.041% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1881	0.0104	pay 0.0013% / 1h	28m 32s	$75K	$471K	25x
Short	Binance TRUMPUSDT	2.1900	0.0100	get 0.0050% / 4h	1h 28m	$62.4M	$218.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.086%Rate

Funding earned: −$0.84
Price spread: +0.086% → +0.044%: $4.15
Slippage, 4 orders: −$22.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.07
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Extended: live order book, 54 min ago; Binance: live order book, 15 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, 54 min ago	6.86 bp	9.8 bp −$10	32.4 bp −$324	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.28 bp	7.3 bp −$7	11.0 bp −$110	36.4 bp −$3,638	171.5 bp −$85.7K

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	−0.1472%	1h	2.1700	−0.827%	$32K	$147K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1832	−0.222%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1867	−0.063%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1852	−0.132%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1836	−0.205%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1847	−0.154%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1850	−0.141%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.1875	−0.028%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1872	−0.041%	$973K	$676K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1901	+0.092%	$14.0M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1881	+0.002%	$456K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1881	0.000%	$188K	$59K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.1900	+0.086%	$62.4M	$218.9M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	+0.087%	$30.4M	$43.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1900	+0.087%	$26.8M	$150.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1870	−0.050%	$7.4M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	−0.096%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	−0.050%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.087%	$15.5M	$20.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1802	−0.360%	$685K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1787	−0.427%	$182K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	−0.096%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1845	−0.164%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1860	−0.096%	$532K	$1.8M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1881	long leg	$75K	$471K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1847	−0.154%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1840	−0.186%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1840	−0.187%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0352%	1h	2.1880	−0.004%	$262K	$270K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.096%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0523%	1h	2.1875	−0.028%	$1.3M	$2.5M	50x	as long as short