Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against OKX+0.263%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.263%, 7d avg +0.037%

Together, before fees−0.135%+ Points / potential airdropPacifica: Active · farm board−$14 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: Pacifica is 0.226% dearer against OKX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.2420	0.0100	pay 0.0050% / 4h	3h 08m	$28.4M	$162.2M	50x
Short	Pacifica TRUMP	2.2479	0.0100	get 0.0013% / 1h	8m 04s	$195K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.263%Rate

Funding earned: $0
Price spread: +0.263% → +0.037%: $22.56
Slippage, 4 orders: −$29.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$24.88
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Pacifica: live order book, 65 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, 6 min ago	2.22 bp	7.2 bp −$7	12.0 bp −$120	46.3 bp −$4,633	doesn't fit
Sell Pacifica live order book, 65 min ago	6.18 bp	21.4 bp −$21	doesn't fit	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	−0.1608%	1h	2.2390	−0.134%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2462	+0.185%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2476	+0.252%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2477	+0.254%	$421K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2495	+0.335%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2475	+0.244%	$109K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0090%	8h	2.2473	+0.237%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.2470	+0.223%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2449	+0.129%	$996K	$782K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2468	+0.212%	$469K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMPshort	+0.0100%	1h	2.2479	+0.263%	$195K	$55K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.2421	+0.004%	$64.7M	$227.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2420	0.000%	$31.8M	$45.7M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.2420	long leg	$28.4M	$162.2M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.2460	+0.178%	$8.0M	$48.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2430	+0.045%	$484K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2470	+0.223%	$4.4M	$10.7M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2440	+0.089%	$16.2M	$22.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2451	+0.140%	$714K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2500	+0.357%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2490	+0.312%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2450	+0.134%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2510	+0.401%	$584K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2420	0.000%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2479	+0.262%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0117%	1h	2.2480	+0.268%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2498	+0.350%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2460	+0.178%	$4.3M	$680K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0465%	1h	2.2480	+0.268%	$263K	$301K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	+0.491%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0767%	1h	2.2475	+0.244%	$1.3M	$2.6M	50x	as long as short