Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1673%/8h= +183.2% APRpaid last 24h +0.504%

Price spread now: edgeX against Injective+0.671%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.377%+$38 on $10k

Price spread, last 3 days (all we have)−0.892%−$89 · spread now +0.671%, 7d avg +0.029%

Together, before fees−0.515%+ Points / potential airdropedgeX: Active · farm board−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and edgeX is 0.642% dearer against Injective than usual: you sell high and buy low: +$64 more if the spread goes back to its 7-day average of +0.029%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.377% in total (about 19.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TRUMP/USDC PERP	2.1850	−0.1623	get 0.0203% / 1h	0m 51s	$13K	$157K	12x
Short	edgeX TRUMPUSDC	2.1997	0.0050	get 0.0025% / 4h	2h 00m	$107K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now +0.671%Rate

Funding earned: $351.38
Price spread: +0.671% → +0.029%: $64.16
Slippage, 4 orders: −$114.8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $291.73
Costs to cover: 1.238%
Break-even: 1.2 days

Slippage from Injective: live order book, 53 min ago; edgeX: live order book, 2 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 Injective live order book, 53 min ago	47.63 bp	47.6 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	6.83 bp	14.0 bp −$14	37.9 bp −$379	doesn't fit	doesn't fit

TRUMP on 30 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 PERPlong	−0.1623%	1h	2.1850	long leg	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1911	+0.281%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1910	+0.275%	$7.7M	$49.9M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1946	+0.438%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1927	+0.352%	$413K	$73K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1933	+0.380%	$43K	—	150x	as long as short
edgeX TRUMPUSDCshort	+0.0050%	4h	2.1997	+0.671%	$107K	$264K	20x
Lighter TRUMP	+0.0056%	1h	2.1908	+0.265%	$975K	$800K	10x	as long as short
SoDEX TRUMP-USD	+0.0060%	1h	2.1915	+0.297%	$82	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0067%	8h	2.1924	+0.339%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1910	+0.275%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1932	+0.375%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1935	+0.390%	$434K	$862K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1939	+0.408%	$189K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1910	+0.275%	$63.7M	$235.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	+0.229%	$31.5M	$48.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1900	+0.229%	$28.5M	$169.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1910	+0.275%	$436K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	+0.320%	$4.3M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	+0.320%	$15.6M	$24.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1911	+0.280%	$690K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1941	+0.419%	$183K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1930	+0.366%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1960	+0.503%	$548K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1900	+0.228%	$77K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1908	+0.265%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1929	+0.362%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0261%	1h	2.1941	+0.416%	$257K	$315K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1945	+0.434%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2000	+0.686%	$285K	$304K	50x	as long as short