Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: OKX against Extended+0.096%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.096%, 7d avg +0.026%

Together, before fees+0.055%+ Points / potential airdropExtended: Active · farm board+$5 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: OKX is 0.070% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1390	−0.0248	get 0.0031% / 1h	28m 48s	$74K	$492K	25x
Short	OKX TRUMP-USDT-SWAP	2.1410	−0.0251	pay 0.0126% / 4h	3h 28m	$26.8M	$182.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$0.71
Price spread: +0.096% → +0.026%: $6.98
Slippage, 4 orders: −$19.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.53
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; OKX: 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, 4 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.34 bp	7.3 bp −$7	11.4 bp −$114	35.9 bp −$3,589	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	−0.1829%	1h	2.1350	−0.185%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0495%	4h	2.1410	+0.096%	$30.8M	$51.7M	50x	as long as short
SoDEX TRUMP-USD	−0.0407%	1h	2.1418	+0.133%	$69	$6K	5x	as long as short
Variational Omni TRUMP	−0.0320%	4h	2.1381	−0.038%	$663K	$419K	—	as long as short
Gate TRUMP_USDT	−0.0262%	4h	2.1400	+0.049%	$7.7M	$50.0M	75x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0251%	4h	2.1410	+0.096%	$26.8M	$182.0M	50x
Extended TRUMP-USDlong	−0.0248%	1h	2.1390	long leg	$74K	$492K	25x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1382	−0.037%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0243%	4h	2.1420	+0.142%	$61.4M	$247.6M	75x	as long as short
Lighter TRUMP	−0.0200%	1h	2.1415	+0.119%	$937K	$991K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0151%	8h	2.1412	+0.104%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1360	−0.138%	$148K	$493K	50x	as long as short
edgeX TRUMPUSDC	−0.0126%	4h	2.1390	+0.002%	$104K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1420	+0.142%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1400	+0.049%	$4.1M	$10.6M	50x	as long as short
dYdX TRUMP-USD	−0.0019%	1h	2.1426	+0.168%	$26K	$2K	5x	as long as short
BloFin TRUMP-USDT	−0.0008%	4h	2.1420	+0.142%	$4.2M	$685K	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1434	+0.208%	$388K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1430	+0.189%	$40K	—	150x	as long as short
Bitget TRUMPUSDT	+0.0018%	4h	2.1410	+0.096%	$15.2M	$26.5M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0020%	4h	2.1400	+0.049%	$176K	$4.3M	10x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1437	+0.220%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0086%	4h	2.1390	+0.002%	$397K	$149K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1435	+0.213%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1428	+0.180%	$408K	$716K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1423	+0.156%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.283%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.236%	$496K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1443	+0.251%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1410	+0.094%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0318%	1h	2.1448	+0.273%	$383K	$419K	10x	as long as short