Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Variational Omni against GRVT+0.241%7-day average +0.005% · you sell dearer than you buy

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 7 days−0.282%−$28 · spread now +0.241%, 7d avg +0.005%

Together, before fees−0.370%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$37 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: Variational Omni is 0.236% dearer against GRVT than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1800	0.0100	pay 0.0050% / 4h	1h 30m	$178K	$4.5M	10x
Short	Variational Omni TRUMP	2.1852	0.0100	get 0.0050% / 4h	1h 30m	$687K	$266K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.241%Rate

Funding earned: $0
Price spread: +0.241% → +0.005%: $23.59
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $14.59
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 3 min ago; Variational Omni: RFQ quote, 53 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 GRVT live order book, 3 min ago	2.29 bp	6.8 bp −$7	16.8 bp −$168	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 53 min ago	5.01 bp	doesn't fit	21.9 bp −$219	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	−0.1472%	1h	2.1810	+0.046%	$32K	$147K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1802	+0.010%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1817	+0.079%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1788	−0.055%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1807	+0.031%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1847	+0.217%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1780	−0.092%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0091%	8h	2.1816	+0.072%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1777	−0.106%	$969K	$675K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1811	+0.050%	$14.0M	$7.5M	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	2.1790	−0.045%	$454K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1821	+0.098%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1779	−0.095%	$62.0M	$218.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1770	−0.138%	$30.3M	$43.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	−0.092%	$26.7M	$149.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1770	−0.138%	$7.3M	$47.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1780	−0.092%	$478K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1790	−0.046%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1780	−0.092%	$15.4M	$20.8M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1852	+0.241%	$687K	$266K	—
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1800	long leg	$178K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.138%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1786	−0.064%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	0.000%	$531K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1781	−0.086%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1793	−0.034%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1801	+0.005%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1810	+0.046%	$4.2M	$513K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0351%	1h	2.1811	+0.050%	$260K	$270K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	+0.275%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0524%	1h	2.1809	+0.042%	$1.3M	$2.5M	50x	as long as short