Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.066%

Price spread now: BloFin against Extended+0.227%74s7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as 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−$410.408% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.418%+$42 on $10k

Price spread, last 3 days (all we have)−0.221%−$22 · spread now +0.227%, 7d avg +0.050%

Together, before fees+0.197%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.177% dearer against Extended than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.050%. The two prices were read 74 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	Extended TRUMP-USD	2.1801	0.0104	pay 0.0013% / 1h	23m 43s	$75K	$469K	25x
Short	BloFin TRUMP-USDT	2.1850	0.0340	get 0.0170% / 4h	23m 43s	$4.2M	$634K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.227%Rate

Funding earned: $49.56
Price spread: +0.227% → +0.050%: $17.67
Slippage, 4 orders: −$23.8
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $26.42
Costs to cover: 0.408%
Break-even: 3.3 days

Slippage from Extended: live order book, 54 min ago; BloFin: live order book, 5 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	6.87 bp	9.8 bp −$10	32.5 bp −$325	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	4.57 bp	10.6 bp −$11	11.6 bp −$116	29.6 bp −$2,961	164.8 bp −$82.4K

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	−0.1537%	1h	2.1720	−0.369%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1822	+0.098%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1837	+0.168%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1819	+0.085%	$409K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1826	+0.117%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1889	+0.407%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1820	+0.089%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1794	−0.030%	$977K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0097%	8h	2.1827	+0.122%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1821	+0.093%	$455K	$832K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1833	+0.149%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1806	+0.024%	$62.6M	$225.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	−0.002%	$30.7M	$44.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1800	−0.002%	$27.1M	$152.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1810	+0.043%	$7.4M	$48.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	−0.002%	$477K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1820	+0.089%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	−0.002%	$15.4M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.284%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1913	+0.516%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.273%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1820	+0.089%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1850	+0.227%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1801	long leg	$75K	$469K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1812	+0.054%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1823	+0.104%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0300%	1h	2.1813	+0.057%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.1850	+0.227%	$4.2M	$634K	75x
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+1.190%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0471%	1h	2.1841	+0.186%	$256K	$281K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0875%	1h	2.1837	+0.166%	$1.3M	$2.5M	50x	as long as short