Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against OKX+0.003%7-day average −0.026% · 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−$31as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.003%, 7d avg −0.026%

Together, before fees−0.195%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.029% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1890	0.0100	pay 0.0050% / 4h	1h 16m	$26.9M	$150.4M	50x
Short	Extended TRUMP-USD	2.1891	0.0104	get 0.0013% / 1h	16m 02s	$75K	$471K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0.84
Price spread: +0.003% → −0.026%: $2.91
Slippage, 4 orders: −$19.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.48
Costs to cover: 0.342%
Break-even: 261.0 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 2 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 OKX live order book, 3 min ago	2.29 bp	7.3 bp −$7	13.7 bp −$137	38.8 bp −$3,884	doesn't fit
Sell Extended live order book, 2 min ago	6.87 bp	9.8 bp −$10	29.9 bp −$299	doesn't fit	doesn't fit

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	2.1770	−0.548%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1912	+0.101%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1887	−0.013%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1913	+0.105%	$411K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1915	+0.113%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1910	+0.090%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1900	+0.046%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0093%	8h	2.1904	+0.062%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1891	+0.005%	$974K	$682K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1915	+0.114%	$14.0M	$7.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1909	+0.088%	$456K	$833K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1906	+0.075%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1893	+0.013%	$62.5M	$219.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	+0.046%	$30.5M	$43.3M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1890	long leg	$26.9M	$150.4M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.1900	+0.046%	$7.4M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.046%	$481K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	+0.091%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.046%	$15.5M	$21.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1892	+0.010%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1870	−0.091%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1920	+0.137%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	+0.023%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1950	+0.274%	$532K	$1.8M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.1891	+0.003%	$75K	$471K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1905	+0.069%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1913	+0.103%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.183%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0349%	1h	2.1918	+0.128%	$262K	$272K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	+0.137%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1924	+0.157%	$1.3M	$2.5M	50x	as long as short