Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.004%

Price spread now: Pacifica against Orderly+0.116%7-day average +0.037% · you sell dearer than you buy

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

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.116%, 7d avg +0.037%

Together, before fees+0.052%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Pacifica is 0.080% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread 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	Orderly PERP_TRUMP_USDC	2.1320	−0.0061	get 0.0030% / 4h	1h 33m	$5K	$244K	10x
Short	Pacifica TRUMP	2.1345	0.0100	get 0.0013% / 1h	33m 47s	$184K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.116%Rate

Funding earned: $33.74
Price spread: +0.116% → +0.037%: $7.98
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $27.72
Costs to cover: 0.140%
Break-even: 1.2 days

Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 9 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 Orderly no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 9 min ago	6.55 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit

Orderly: 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	2.1290	−0.141%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1307	−0.063%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0212%	4h	2.1352	+0.150%	$60.3M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1350	+0.140%	$74K	$673K	25x	as long as short
Variational Omni TRUMP	−0.0157%	4h	2.1351	+0.147%	$659K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0110%	4h	2.1406	+0.405%	$104K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0108%	4h	2.1330	+0.047%	$7.6M	$53.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0104%	4h	2.1350	+0.141%	$26.3M	$184.1M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1353	+0.154%	$1.3M	$2.3M	50x	as long as short
Bybit TRUMPUSDT	−0.0084%	4h	2.1340	+0.094%	$30.3M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0064%	8h	2.1347	+0.125%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDClong	−0.0061%	4h	2.1320	long leg	$5K	$244K	10x
SoDEX TRUMP-USD	−0.0059%	1h	2.1325	+0.023%	$80	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1336	+0.076%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1325	+0.023%	$402K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1325	+0.025%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1310	−0.047%	$18K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0025%	4h	2.1370	+0.235%	$4.1M	$684K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1345	+0.117%	$943K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1347	+0.127%	$13.4M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1357	+0.174%	$401K	$778K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1345	+0.116%	$184K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1360	+0.188%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1360	+0.188%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1350	+0.141%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1385	+0.305%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1350	+0.141%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1330	+0.047%	$480K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1373	+0.250%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1340	+0.094%	$203K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0312%	1h	2.1358	+0.178%	$378K	$415K	10x	as long as short