Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.001%

Price spread now: Aevo against GRVT−0.108%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.108% cheaper against GRVT than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1815	0.0100	pay 0.0050% / 4h	3h 51m	$187K	$4.6M	10x
Short	Aevo TRUMP-PERP	2.1792	0.0072	get 0.0009% / 1h	51m 10s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.108%Rate

Funding earned: −$5.88
Price spread: −0.108% → 0.000%: −$10.8
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$41.68
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; Aevo: 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 GRVT live order book, 3 min ago	2.30 bp	6.8 bp −$7	31.4 bp −$314	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 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	−0.1765%	1h	2.1670	−0.666%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	−0.155%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1769	−0.213%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0030%	4h	2.1760	−0.253%	$61.3M	$243.0M	75x	as long as short
edgeX TRUMPUSDC	−0.0015%	4h	2.1745	−0.321%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1796	−0.087%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1785	−0.139%	$410K	$72K	10x	as long as short
Variational Omni TRUMP	+0.0006%	4h	2.1621	−0.889%	$681K	$503K	—	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1794	−0.097%	$41K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0017%	1h	2.1775	−0.184%	$95	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0041%	4h	2.1780	−0.162%	$4K	$180K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0043%	8h	2.1769	−0.211%	$5K	$175	5x	as long as short
Aevo TRUMP-PERPshort	+0.0072%	1h	2.1792	−0.108%	$19K	—	3x
Lighter TRUMP	+0.0088%	1h	2.1764	−0.235%	$963K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1801	−0.065%	$13.8M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1795	−0.093%	$427K	$794K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1789	−0.120%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1770	−0.207%	$30.8M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	−0.253%	$27.5M	$176.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1790	−0.116%	$7.8M	$50.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1770	−0.207%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1790	−0.116%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	−0.207%	$15.7M	$25.7M	75x	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1815	long leg	$187K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1790	−0.116%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	−0.116%	$512K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1790	−0.116%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1790	−0.116%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0210%	4h	2.1750	−0.299%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−1.353%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0471%	1h	2.1831	+0.072%	$343K	$375K	10x	as long as short