Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.003%

Price spread now: Variational Omni against Extended−0.064%7-day average +0.045% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.064%, 7d avg +0.045%

Together, before fees−0.127%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.109% cheaper against Extended than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.045%). If the spread goes back, that is −$11 on $10k: about 7.1 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.007% in total) that is about 58 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1365	−0.0208	get 0.0026% / 1h	33m 13s	$74K	$667K	25x
Short	Variational Omni TRUMP	2.1351	−0.0157	pay 0.0078% / 4h	1h 33m	$659K	$424K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.064%Rate

Funding earned: $10.73
Price spread: −0.064% → +0.045%: −$10.86
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.14
Costs to cover: 0.050%
Break-even: 10.4 days

Slippage unknown: Extended: live order book, 10 min ago; Variational Omni: RFQ quote, 11 min ago. 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, 10 min ago	7.02 bp	10.1 bp −$10	33.7 bp −$337	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 11 min ago	5.06 bp	doesn't fit	13.5 bp −$135	doesn't fit	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	−0.1927%	1h	2.1290	−0.350%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1362	−0.015%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0212%	4h	2.1390	+0.118%	$60.4M	$251.9M	75x	as long as short
Extended TRUMP-USDlong	−0.0208%	1h	2.1365	long leg	$74K	$667K	25x
Variational Omni TRUMPshort	−0.0157%	4h	2.1351	−0.064%	$659K	$424K	—
edgeX TRUMPUSDC	−0.0110%	4h	2.1406	+0.194%	$104K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0100%	4h	2.1380	+0.071%	$7.6M	$53.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0100%	4h	2.1370	+0.024%	$26.4M	$184.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1416	+0.238%	$1.3M	$2.3M	50x	as long as short
Bybit TRUMPUSDT	−0.0083%	4h	2.1380	+0.071%	$30.4M	$52.5M	50x	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	−0.0064%	8h	2.1347	−0.086%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1360	−0.023%	$5K	$245K	10x	as long as short
SoDEX TRUMP-USD	−0.0034%	1h	2.1370	+0.024%	$80	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1336	−0.134%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1379	+0.066%	$403K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1385	+0.093%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1360	−0.023%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0028%	4h	2.1370	+0.024%	$4.1M	$685K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1376	+0.052%	$944K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1383	+0.085%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1391	+0.122%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1345	−0.094%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1380	+0.071%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1380	+0.071%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	+0.071%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1385	+0.095%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1390	+0.118%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1390	+0.118%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1373	+0.039%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1380	+0.071%	$203K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0326%	1h	2.1410	+0.211%	$379K	$415K	10x	as long as short