Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.014%

Price spread now: Paradex against Lighter−0.011%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TRUMP	2.1912	0.0096	pay 0.0012% / 1h	48m 25s	$976K	$670K	10x
Short	Paradex TRUMP-USD-PERP	2.1910	0.0087	get 0.0087% / 8h	1h 48m	$5K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$1.84
Price spread: −0.011% → 0.000%: −$1.08
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.92
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 32 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 Lighter live order book, 32 min ago	1.14 bp	5.7 bp −$6	26.1 bp −$261	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 PERP	−0.1472%	1h	2.1740	−0.785%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1924	+0.053%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1908	−0.019%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1871	−0.187%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1920	+0.037%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1857	−0.250%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1910	−0.009%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0087%	8h	2.1910	−0.011%	$5K	—	5x
Lighter TRUMPlong	+0.0096%	1h	2.1912	long leg	$976K	$670K	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1916	+0.017%	$457K	$831K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1922	+0.045%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1920	+0.036%	$62.4M	$217.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1920	+0.037%	$30.6M	$42.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1920	+0.037%	$26.8M	$149.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	−0.009%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	−0.055%	$481K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	+0.037%	$4.7M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	+0.037%	$15.5M	$20.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1863	−0.223%	$683K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.237%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	−0.100%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1875	−0.169%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1890	−0.100%	$516K	$1.7M	50x	as long as short
Hyperliquid TRUMP	+0.0102%	1h	2.1939	+0.123%	$14.1M	$7.4M	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1912	−0.001%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1898	−0.065%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1922	+0.044%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0244%	1h	2.1897	−0.068%	$259K	$268K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	−0.192%	$4.2M	$519K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.237%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1903	−0.041%	$1.3M	$2.4M	50x	as long as short