Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%

Price spread now: dYdX against MEXC−0.065%152s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.065% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 152 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	MEXC TRUMP_USDC	2.1400	0.0100	pay 0.0050% / 4h	1h 28m	$398K	$149K	125x
Short	dYdX TRUMP-USD	2.1386	0	get 0.0000% / 1h	28m 18s	$27K	$501	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$21
Price spread: −0.065% → 0.000%: −$6.47
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$37.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 min ago; dYdX: 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 MEXC live order book, 6 min ago	4.69 bp	9.4 bp −$9	23.5 bp −$235	116.7 bp −$11.7K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1927%	1h	2.1260	−0.654%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	−0.133%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1390	−0.047%	$74K	$604K	25x	as long as short
Binance TRUMPUSDT	−0.0197%	4h	2.1410	+0.047%	$60.4M	$251.7M	75x	as long as short
Variational Omni TRUMP	−0.0145%	4h	2.1381	−0.088%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0104%	4h	2.1375	−0.116%	$104K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0102%	4h	2.1400	0.000%	$26.4M	$184.4M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1423	+0.106%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1400	0.000%	$7.7M	$53.6M	75x	as long as short
Bybit TRUMPUSDT	−0.0059%	4h	2.1400	0.000%	$30.4M	$52.5M	50x	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	−0.0058%	4h	2.1390	−0.047%	$5K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0054%	8h	2.1382	−0.086%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1408	+0.037%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0011%	1h	2.1395	−0.023%	$82	$6K	5x	as long as short
dYdX TRUMP-USDshort	0.0000%	1h	2.1386	−0.065%	$27K	$501	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1409	+0.040%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1386	−0.064%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0040%	4h	2.1370	−0.140%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1400	0.000%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1395	−0.023%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1404	+0.020%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1397	−0.014%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1400	long leg	$398K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1400	0.000%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	0.000%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.047%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.047%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1419	+0.088%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1360	−0.187%	$202K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0378%	1h	2.1408	+0.037%	$379K	$415K	10x	as long as short