Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.018%

Price spread now: Binance against Lighter0.000%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now 0.000%, 7d avg +0.003%

Together, before fees−0.049%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TRUMP	2.1580	−0.0096	get 0.0012% / 1h	22m 51s	$955K	$957K	10x
Short	Binance TRUMPUSDT	2.1580	−0.0002	pay 0.0001% / 4h	22m 51s	$60.6M	$241.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $19.67
Price spread: 0.000% → +0.003%: −$0.35
Slippage, 4 orders: −$24.72
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.4
Costs to cover: 0.347%
Break-even: 12.5 days

Slippage from Lighter: live order book, 32 min ago; Binance: live order book, 6 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 Lighter live order book, 32 min ago	1.39 bp	8.5 bp −$8	36.1 bp −$361	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.32 bp	11.9 bp −$12	14.4 bp −$144	43.3 bp −$4,325	198.8 bp −$99.4K

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	−0.1690%	1h	2.1460	−0.556%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1561	−0.087%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0128%	1h	2.1575	−0.023%	$98	$6K	5x	as long as short
Lighter TRUMPlong	−0.0096%	1h	2.1580	long leg	$955K	$957K	10x
Gate TRUMP_USDT	−0.0062%	4h	2.1570	−0.046%	$7.6M	$51.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1584	+0.019%	$406K	$72K	10x	as long as short
dYdX TRUMP-USD	−0.0003%	1h	2.1586	+0.026%	$27K	$512	5x	as long as short
Binance TRUMPUSDTshort	−0.0002%	4h	2.1580	0.000%	$60.6M	$241.7M	75x
Extended TRUMP-USD	0.0000%	1h	2.1569	−0.049%	$75K	$745K	25x	as long as short
edgeX TRUMPUSDC	+0.0002%	4h	2.1592	+0.054%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0003%	4h	2.1581	+0.005%	$666K	$488K	—	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1582	+0.010%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0024%	8h	2.1568	−0.056%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1570	−0.046%	$4K	$207K	10x	as long as short
Bybit TRUMPUSDT	+0.0074%	4h	2.1580	0.000%	$30.6M	$49.5M	50x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1575	−0.023%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0084%	4h	2.1560	−0.093%	$4.1M	$683K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1595	+0.070%	$14.3M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1591	+0.052%	$423K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1588	+0.037%	$186K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1570	−0.046%	$27.2M	$173.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	0.000%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1580	0.000%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	0.000%	$15.6M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1604	+0.111%	$253K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1600	+0.093%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	+0.139%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1578	−0.007%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1599	+0.088%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	0.000%	$279K	$281K	50x	as long as short