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 0.000%

Price spread now: Bybit against Extended+0.040%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.040%, 7d avg +0.041%

Together, before fees+0.169%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

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	31m 30s	$75K	$471K	25x
Short	Bybit TRUMPUSDT	2.1810	0.0100	get 0.0050% / 4h	1h 31m	$30.4M	$43.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$0.84
Price spread: +0.040% → +0.041%: −$0.05
Slippage, 4 orders: −$24.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.8
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from Extended: live order book, 51 min ago; Bybit: live order book, 2 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, 51 min ago	6.86 bp	9.8 bp −$10	32.4 bp −$324	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.29 bp	12.0 bp −$12	20.3 bp −$203	119.1 bp −$11.9K	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	−0.1472%	1h	2.1720	−0.373%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1802	+0.005%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1817	+0.073%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1803	+0.008%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1807	+0.025%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1847	+0.211%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1790	−0.052%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0091%	8h	2.1816	+0.067%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1806	+0.022%	$971K	$675K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1825	+0.109%	$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	2.1819	+0.083%	$455K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1821	+0.092%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1811	+0.043%	$62.1M	$218.5M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1810	+0.040%	$30.4M	$43.1M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1800	−0.006%	$26.7M	$149.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1810	+0.040%	$7.3M	$47.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	−0.006%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	+0.040%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1810	+0.040%	$15.5M	$20.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	+0.235%	$687K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	−0.006%	$178K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.132%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1805	+0.017%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1850	+0.224%	$532K	$1.8M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1801	long leg	$75K	$471K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1814	+0.060%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1801	0.000%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1820	+0.086%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0350%	1h	2.1833	+0.146%	$261K	$270K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	+0.270%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0524%	1h	2.1838	+0.170%	$1.3M	$2.5M	50x	as long as short