Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1531%/8h= +167.7% APRpaid last 24h +0.520%

Price spread now: Variational Omni against Injective+0.381%91s7-day average +0.081% · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.052%+$105 on $10k

Price spread, last 4 days (all we have)−0.556%−$56 · spread now +0.381%, 7d avg +0.081%

Together, before fees+0.496%+ Points / potential airdropVariational Omni: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Variational Omni is 0.300% dearer against Injective than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.081%. The two prices were read 91 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	Injective TRUMP/USDC PERP	2.1380	−0.1829	get 0.0229% / 1h	55m 52s	$12K	$157K	12x
Short	Variational Omni TRUMP	2.1461	−0.0297	pay 0.0149% / 4h	3h 55m	$663K	$420K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.381%Rate

Funding earned: $321.59
Price spread: +0.381% → +0.081%: $29.99
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $351.56
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: live order book, 28 min ago; Variational Omni: RFQ quote, 43 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 Injective live order book, 28 min ago	35.19 bp	56.3 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 43 min ago	5.05 bp	doesn't fit	16.4 bp −$164	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 PERPlong	−0.1829%	1h	2.1380	long leg	$12K	$157K	12x
SoDEX TRUMP-USD	−0.0482%	1h	2.1465	+0.398%	$72	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0355%	1h	2.1476	+0.449%	$404K	$65K	10x	as long as short
Bybit TRUMPUSDT	−0.0338%	4h	2.1420	+0.187%	$30.6M	$52.1M	50x	as long as short
Variational Omni TRUMPshort	−0.0297%	4h	2.1461	+0.381%	$663K	$420K	—
Lighter TRUMP	−0.0256%	1h	2.1458	+0.365%	$938K	$988K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1472	+0.429%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0212%	4h	2.1420	+0.187%	$60.7M	$247.7M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1404	+0.114%	$74K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0205%	4h	2.1420	+0.187%	$26.8M	$182.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1470	+0.421%	$168K	$481K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0126%	8h	2.1494	+0.533%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0103%	4h	2.1484	+0.484%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0086%	4h	2.1470	+0.421%	$5K	$290K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1540	+0.748%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	0.0000%	4h	2.1460	+0.374%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1485	+0.489%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0031%	4h	2.1510	+0.608%	$4.2M	$688K	75x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1455	+0.351%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0056%	4h	2.1420	+0.187%	$15.3M	$26.7M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1441	+0.285%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1443	+0.294%	$402K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1528	+0.691%	$185K	$54K	10x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1430	+0.234%	$7.7M	$49.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	+0.327%	$399K	$146K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1506	+0.587%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.608%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.468%	$494K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1495	+0.539%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1481	+0.474%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0311%	1h	2.1484	+0.486%	$384K	$418K	10x	as long as short