Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0441%/8h= −48.3% APRpaid last 24h +0.014%

Price spread now: Paradex against Kraken Futures−0.305%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 against this trade now: funding costs −$13 a day on $10k at the current rate, and Paradex is 0.305% cheaper against Kraken Futures than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TRUMPUSD	2.2025	0.0513	pay 0.0064% / 1h	17m 34s	$1.3M	$2.3M	50x
Short	Paradex TRUMP-USD-PERP	2.1958	0.0071	get 0.0071% / 8h	6h 17m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.305%Rate

Funding earned: −$92.65
Price spread: −0.305% → 0.000%: −$30.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$137.16
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	4.54 bp	16.8 bp −$17	27.8 bp −$278	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 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 PERP	−0.1623%	1h	2.1920	−0.476%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1971	−0.244%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1930	−0.430%	$7.8M	$49.4M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1946	−0.359%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2007	−0.081%	$414K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1994	−0.139%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1952	−0.333%	$107K	$263K	20x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1945	−0.362%	$976K	$790K	10x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0071%	8h	2.1958	−0.305%	$5K	$175	5x
SoDEX TRUMP-USD	+0.0074%	1h	2.2005	−0.090%	$78	$6K	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	2.1980	−0.203%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1983	−0.190%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1947	−0.351%	$434K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1959	−0.301%	$189K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1949	−0.344%	$63.9M	$236.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1930	−0.430%	$31.5M	$48.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1920	−0.476%	$28.9M	$170.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1960	−0.294%	$437K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1970	−0.249%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1940	−0.385%	$15.7M	$24.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1951	−0.335%	$691K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2029	+0.020%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2020	−0.022%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2030	+0.024%	$558K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1919	−0.479%	$76K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1995	−0.135%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1991	−0.154%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0277%	1h	2.1988	−0.167%	$257K	$320K	10x	as long as short
Kraken Futures PF_TRUMPUSDlong	+0.0513%	1h	2.2025	long leg	$1.3M	$2.3M	50x
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2020	−0.022%	$286K	$305K	50x	as long as short