Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX−0.401%7-day average −0.003% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 7 days+0.360%+$36 · spread now −0.401%, 7d avg −0.003%

Together, before fees+0.298%+ Points / potential airdropVariational Omni: Active · farm board+$30 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: Variational Omni is 0.398% cheaper against OKX than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.003%.

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 25m	$26.8M	$150.0M	50x
Short	Variational Omni TRUMP	2.1802	0.0100	get 0.0050% / 4h	1h 25m	$685K	$266K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.401%Rate

Funding earned: $0
Price spread: −0.401% → −0.003%: −$39.76
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$49.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Variational Omni: RFQ quote, 59 min ago. 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, 3 min ago	2.29 bp	7.3 bp −$7	11.5 bp −$115	42.6 bp −$4,256	doesn't fit
Sell Variational Omni RFQ quote, 59 min ago	5.01 bp	doesn't fit	21.9 bp −$219	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	2.1760	−0.594%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1892	+0.010%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1862	−0.128%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1857	−0.151%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1856	−0.154%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1823	−0.306%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1850	−0.183%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.1868	−0.100%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1866	−0.110%	$971K	$678K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1919	+0.132%	$14.0M	$7.5M	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	2.1886	−0.018%	$456K	$833K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1873	−0.077%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1899	+0.042%	$62.4M	$219.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	+0.046%	$30.5M	$43.2M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1890	long leg	$26.8M	$150.0M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.1880	−0.046%	$7.4M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	−0.137%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	−0.046%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.046%	$15.4M	$20.9M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1802	−0.401%	$685K	$266K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.137%	$183K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1870	−0.091%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1845	−0.206%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	−0.091%	$532K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1891	+0.005%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1850	−0.183%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1854	−0.167%	$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	+0.0372%	1h	2.1872	−0.082%	$262K	$270K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.137%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0523%	1h	2.1875	−0.068%	$1.3M	$2.5M	50x	as long as short