Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0124%/8h= +13.5% APRpaid last 24h −0.010%

Price spread now: edgeX against Extended+0.314%53s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as 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−$490.495% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.314%, 7d avg +0.038%

Together, before fees−0.075%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.277% dearer against Extended than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.038%. The two prices were read 53 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	2.1679	−0.0240	get 0.0030% / 1h	58m 33s	$77K	$492K	25x
Short	edgeX TRUMPUSDC	2.1747	−0.0116	pay 0.0058% / 4h	2h 58m	$106K	$254K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.314%Rate

Funding earned: $25.96
Price spread: +0.314% → +0.038%: $27.65
Slippage, 4 orders: −$35.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $4.13
Costs to cover: 0.495%
Break-even: 5.9 days

Slippage from Extended: live order book, 34 min ago; edgeX: live order book, 34 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, 34 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	7.01 bp	14.7 bp −$15	40.5 bp −$405	doesn't fit	doesn't fit

TRUMP on 32 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	−0.1841%	1h	2.1600	−0.365%	$13K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0395%	1h	2.1705	+0.120%	$390K	$73K	10x	as long as short
Bybit TRUMPUSDT	−0.0341%	4h	2.1680	+0.004%	$31.3M	$50.5M	50x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.240%	$675K	$419K	—	as long as short
SoDEX TRUMP-USD	−0.0302%	1h	2.1695	+0.074%	$69	$6K	5x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1683	+0.018%	$943K	$967K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	+0.055%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0244%	4h	2.1680	+0.004%	$27.4M	$180.7M	50x	as long as short
Binance TRUMPUSDT	−0.0243%	4h	2.1680	+0.004%	$63.5M	$244.7M	75x	as long as short
Extended TRUMP-USDlong	−0.0240%	1h	2.1679	long leg	$77K	$492K	25x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1680	+0.004%	$142K	$513K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0144%	8h	2.1689	+0.046%	$5K	$175	5x	as long as short
edgeX TRUMPUSDCshort	−0.0116%	4h	2.1747	+0.314%	$106K	$254K	20x
Gate TRUMP_USDT	−0.0116%	4h	2.1690	+0.051%	$7.8M	$47.5M	75x	as long as short
dYdX TRUMP-USD	−0.0089%	1h	2.1714	+0.162%	$26K	$1K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0081%	4h	2.1710	+0.143%	$5K	$319K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1700	+0.097%	$4.2M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	−0.0004%	4h	2.1690	+0.051%	$15.4M	$26.0M	75x	as long as short
BloFin TRUMP-USDT	+0.0001%	4h	2.1690	+0.051%	$4.3M	$692K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.391%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1739	+0.275%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1685	+0.028%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0050%	4h	2.1670	−0.042%	$402K	$147K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1707	+0.129%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1703	+0.112%	$412K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1709	+0.138%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1734	+0.251%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.189%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	+0.051%	$500K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1710	+0.143%	$3K	$29K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0153%	1h	2.1742	+0.290%	$387K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	+0.414%	$10K	—	100x	as long as short