Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.002%

Price spread now: Orderly against Extended+0.321%7-day average +0.031% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)−0.318%−$32 · spread now +0.321%, 7d avg +0.031%

Together, before fees−0.235%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.290% dearer against Extended than usual: you sell high and buy low (spread +0.321% now, against its 7-day average of +0.031%): +$29 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 53 days. Mind the row above: over the last 7 days funding on this pair paid +0.083%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1900	0.0104	pay 0.0013% / 1h	1m 31s	$77K	$599K	25x
Short	Orderly PERP_TRUMP_USDC	2.1970	0.0086	get 0.0043% / 4h	2h 01m	$4K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.321%Rate

Funding earned: −$3.8
Price spread: +0.321% → +0.031%: $28.98
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $14.18
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Extended: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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, 1 min ago	4.56 bp	7.7 bp −$8	31.5 bp −$315	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TRUMP on 30 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	−0.1623%	1h	2.1880	−0.090%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1911	+0.053%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1920	+0.092%	$7.7M	$49.9M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1946	+0.209%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1978	+0.357%	$414K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1933	+0.152%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1997	+0.442%	$107K	$264K	20x	as long as short
Lighter TRUMP	+0.0056%	1h	2.1917	+0.079%	$975K	$800K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0067%	8h	2.1924	+0.111%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0068%	1h	2.1961	+0.280%	$82	$6K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDCshort	+0.0086%	4h	2.1970	+0.321%	$4K	$239K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1931	+0.143%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1931	+0.141%	$434K	$862K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1939	+0.180%	$189K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1913	+0.058%	$63.7M	$234.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	+0.047%	$31.5M	$47.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1900	+0.001%	$28.5M	$169.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	+0.001%	$435K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	+0.092%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1930	+0.138%	$15.6M	$24.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1911	+0.052%	$690K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1941	+0.191%	$183K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2000	+0.458%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2010	+0.503%	$549K	$2.0M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1900	long leg	$77K	$599K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1960	+0.276%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1984	+0.382%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0267%	1h	2.1987	+0.398%	$257K	$316K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1986	+0.393%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2000	+0.458%	$285K	$304K	50x	as long as short