Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against GRVT+0.055%90s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as 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−$420.419% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.055%, 7d avg +0.042%

Together, before fees+0.149%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1550	0.0100	pay 0.0050% / 4h	41m 54s	$173K	$4.5M	10x
Short	Aster TRUMPUSDT	2.1562	0.0100	get 0.0050% / 4h	41m 54s	$404K	$779K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.042%: $1.31
Slippage, 4 orders: −$24.89
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.58
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Aster: live order book, 61 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 GRVT live order book, 2 min ago	2.32 bp	6.8 bp −$7	15.0 bp −$150	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	4.67 bp	9.8 bp −$10	27.6 bp −$276	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	−0.1797%	1h	2.1440	−0.510%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0246%	1h	2.1555	+0.023%	$83	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1551	+0.006%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0163%	4h	2.1554	+0.017%	$61.0M	$250.8M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1539	−0.050%	$74K	$493K	25x	as long as short
Lighter TRUMP	−0.0152%	1h	2.1546	−0.019%	$942K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0143%	4h	2.1540	−0.046%	$26.8M	$184.9M	50x	as long as short
Variational Omni TRUMP	−0.0137%	4h	2.1551	+0.004%	$665K	$423K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0121%	1h	2.1567	+0.079%	$406K	$81K	10x	as long as short
Gate TRUMP_USDT	−0.0084%	4h	2.1550	0.000%	$7.7M	$53.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0081%	4h	2.1551	+0.004%	$105K	$255K	20x	as long as short
Bybit TRUMPUSDT	−0.0071%	4h	2.1560	+0.046%	$30.7M	$52.4M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0061%	8h	2.1541	−0.041%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0051%	4h	2.1550	0.000%	$5K	$268K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1556	+0.026%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1575	+0.114%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1540	−0.046%	$19K	—	3x	as long as short
KuCoin TRUMPUSDTM	+0.0054%	4h	2.1550	0.000%	$4.2M	$10.9M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1540	−0.046%	$171K	$466K	50x	as long as short
BloFin TRUMP-USDT	+0.0080%	4h	2.1510	−0.186%	$4.1M	$704K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1573	+0.107%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1562	+0.055%	$404K	$779K	20x
Pacifica TRUMP	+0.0100%	1h	2.1544	−0.026%	$185K	$53K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1530	−0.093%	$400K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1550	0.000%	$15.3M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1550	long leg	$173K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.139%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.139%	$485K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1569	+0.088%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0339%	1h	2.1588	+0.176%	$385K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0596%	1h	2.1583	+0.155%	$1.3M	$2.3M	50x	as long as short