Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Pacifica against GRVT+0.461%52s7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as 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−$550.549% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.461%, 7d avg +0.037%

Together, before fees+0.052%+ Points / potential airdropGRVT: Active · Pacifica: 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: Pacifica is 0.423% dearer against GRVT than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1745	0.0100	pay 0.0050% / 4h	2h 26m	$186K	$4.6M	10x
Short	Pacifica TRUMP	2.1845	0.0100	get 0.0013% / 1h	26m 01s	$188K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.461%Rate

Funding earned: $0
Price spread: +0.461% → +0.037%: $42.33
Slippage, 4 orders: −$37.89
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.56
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Pacifica: 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, 3 min ago	2.30 bp	11.2 bp −$11	25.9 bp −$259	doesn't fit	doesn't fit
Sell Pacifica live order book, 61 min ago	8.48 bp	17.3 bp −$17	doesn't fit	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	−0.1787%	1h	2.1640	−0.481%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1834	+0.413%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1883	+0.639%	$1.1M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1839	+0.435%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1879	+0.618%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1865	+0.555%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1857	+0.517%	$974K	$659K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1735	−0.043%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0074%	8h	2.1838	+0.429%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1870	+0.577%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1879	+0.619%	$459K	$831K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1845	+0.461%	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1866	+0.560%	$62.3M	$215.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1880	+0.623%	$30.5M	$42.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	+0.531%	$26.7M	$147.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1870	+0.577%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	+0.531%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	+0.577%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1880	+0.623%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1734	−0.048%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1745	long leg	$186K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.669%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1865	+0.554%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.577%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1863	+0.543%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1860	+0.532%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0140%	1h	2.1889	+0.664%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0200%	1h	2.1897	+0.701%	$259K	$261K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1862	+0.540%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1850	+0.485%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1800	+0.255%	$4.1M	$494K	75x	as long as short