Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1809%/8h= +198.1% APRpaid last 24h +0.514%

Price spread now: Paradex against Injective+0.460%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and Paradex is 0.460% dearer against Injective than usual: you sell high and buy low: +$46 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TRUMP/USDC PERP	2.1690	−0.1765	get 0.0221% / 1h	48m 54s	$13K	$157K	12x
Short	Paradex TRUMP-USD-PERP	2.1790	0.0044	get 0.0044% / 8h	3h 48m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.460%Rate

Funding earned: $379.85
Price spread: +0.460% → 0.000%: $45.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: $421.79
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: live order book, 55 min ago; Paradex: 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 Injective live order book, 55 min ago	48.76 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 PERPlong	−0.1765%	1h	2.1690	long leg	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1752	+0.284%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1748	+0.267%	$409K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0033%	4h	2.1824	+0.617%	$61.6M	$243.6M	75x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1799	+0.503%	$75K	$722K	25x	as long as short
edgeX TRUMPUSDC	−0.0015%	4h	2.1745	+0.255%	$106K	$264K	20x	as long as short
SoDEX TRUMP-USD	−0.0013%	1h	2.1755	+0.300%	$95	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1816	+0.582%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.343%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	+0.420%	$676K	$514K	—	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	2.1740	+0.231%	$4K	$178K	10x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0044%	8h	2.1790	+0.460%	$5K	$175	5x
Aevo TRUMP-PERP	+0.0072%	1h	2.1746	+0.256%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1753	+0.290%	$963K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1806	+0.535%	$13.8M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1813	+0.566%	$427K	$814K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1796	+0.489%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	+0.692%	$30.9M	$49.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	+0.599%	$27.7M	$177.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	+0.599%	$7.8M	$50.9M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	+0.507%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.692%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	+0.692%	$15.8M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1815	+0.577%	$187K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1770	+0.369%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.507%	$512K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1761	+0.327%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1784	+0.434%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0207%	4h	2.1760	+0.323%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.784%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0461%	1h	2.1821	+0.604%	$343K	$375K	10x	as long as short