Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.033%

Price spread now: dYdX against Orderly+0.026%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. dYdX is 0.026% dearer against Orderly than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1520	0.0044	pay 0.0022% / 4h	18m 27s	$4K	$206K	10x
Short	dYdX TRUMP-USD	2.1526	−0.0002	pay 0.0000% / 1h	18m 27s	$27K	$512	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$9.67
Price spread: +0.026% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$23.02
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and 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	−0.1690%	1h	2.1430	−0.418%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1516	−0.018%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0124%	1h	2.1545	+0.116%	$95	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0075%	1h	2.1547	+0.125%	$406K	$72K	10x	as long as short
Lighter TRUMP	−0.0064%	1h	2.1511	−0.042%	$952K	$957K	10x	as long as short
Gate TRUMP_USDT	−0.0060%	4h	2.1520	0.000%	$7.6M	$51.0M	75x	as long as short
Binance TRUMPUSDT	−0.0009%	4h	2.1520	0.000%	$60.4M	$241.7M	75x	as long as short
Variational Omni TRUMP	−0.0009%	4h	2.1551	+0.144%	$665K	$488K	—	as long as short
Extended TRUMP-USD	−0.0008%	1h	2.1514	−0.027%	$75K	$716K	25x	as long as short
dYdX TRUMP-USDshort	−0.0002%	1h	2.1526	+0.026%	$27K	$512	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0001%	4h	2.1570	+0.230%	$105K	$264K	20x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1535	+0.068%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0030%	8h	2.1516	−0.018%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0044%	4h	2.1520	long leg	$4K	$206K	10x
Aevo TRUMP-PERP	+0.0080%	1h	2.1535	+0.070%	$19K	—	3x	as long as short
Bybit TRUMPUSDT	+0.0082%	4h	2.1520	0.000%	$30.4M	$49.6M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1549	+0.135%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1535	+0.070%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1530	+0.048%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1520	0.000%	$27.2M	$173.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	0.000%	$404K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1530	+0.046%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1520	0.000%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1562	+0.195%	$252K	$317K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1580	+0.279%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1570	+0.232%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	+0.232%	$503K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1538	+0.082%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1570	+0.231%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0231%	4h	2.1530	+0.046%	$4.1M	$682K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1570	+0.232%	$279K	$281K	50x	as long as short