Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h −0.035%

Price spread now: dYdX against OKX+0.171%7-day average — · you sell dearer than you buy

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

Long on OKX 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.171% dearer against OKX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1420	−0.0090	get 0.0045% / 4h	1h 49m	$26.4M	$184.9M	50x
Short	dYdX TRUMP-USD	2.1457	0	get 0.0000% / 1h	49m 09s	$27K	$501	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now +0.171%Rate

Funding earned: $18.87
Price spread: +0.171% → 0.000%: $17.07
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $15.95
Costs to cover: 0.200%
Break-even: 1.1 days

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	2.33 bp	7.3 bp −$7	10.7 bp −$107	37.4 bp −$3,740	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	2.1340	−0.373%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1422	+0.008%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0234%	4h	2.1420	0.000%	$60.4M	$251.8M	75x	as long as short
Extended TRUMP-USD	−0.0232%	1h	2.1409	−0.050%	$74K	$742K	25x	as long as short
Variational Omni TRUMP	−0.0154%	4h	2.1411	−0.040%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0123%	4h	2.1428	+0.036%	$105K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1443	+0.107%	$1.3M	$2.3M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0097%	8h	2.1443	+0.105%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0096%	4h	2.1430	+0.047%	$7.7M	$53.5M	75x	as long as short
Bybit TRUMPUSDT	−0.0091%	4h	2.1430	+0.047%	$30.4M	$52.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRUMP-USDT-SWAPlong	−0.0090%	4h	2.1420	long leg	$26.4M	$184.9M	50x
Deribit TRUMP_USDC-PERPETUAL	−0.0077%	1h	2.1423	+0.014%	$403K	$81K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1410	−0.047%	$5K	$236K	10x	as long as short
dYdX TRUMP-USDshort	0.0000%	1h	2.1457	+0.171%	$27K	$501	5x
BloFin TRUMP-USDT	+0.0006%	4h	2.1420	0.000%	$4.1M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1435	+0.070%	$40K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0009%	1h	2.1419	−0.005%	$82	$6K	5x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1405	−0.070%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1411	−0.042%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1441	+0.098%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1426	+0.028%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1451	+0.143%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	0.000%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1430	+0.047%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1420	0.000%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1420	0.000%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.187%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.093%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1440	+0.092%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	+0.047%	$205K	$419K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0415%	1h	2.1457	+0.173%	$380K	$415K	10x	as long as short