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 −0.002%

Price spread now: Binance against Pacifica+0.035%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.035%, 7d avg −0.019%

Together, before fees−0.247%+ Points / potential airdropPacifica: Active · farm board−$25 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: Binance is 0.054% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.2512	0.0100	pay 0.0013% / 1h	12m 11s	$196K	$54K	10x
Short	Binance TRUMPUSDT	2.2520	0.0100	get 0.0050% / 4h	3h 12m	$65.0M	$226.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.019%: $5.39
Slippage, 4 orders: −$28.25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.86
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Pacifica: live order book, 61 min ago; Binance: live order book, 1 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 Pacifica live order book, 61 min ago	6.18 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	2.22 bp	7.2 bp −$7	15.0 bp −$150	41.6 bp −$4,161	197.2 bp −$98.6K

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	2.2440	−0.321%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2482	−0.136%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2506	−0.027%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2512	−0.001%	$422K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2515	+0.012%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2556	+0.195%	$110K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.2501	−0.051%	$5K	$175	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2497	−0.068%	$997K	$780K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.2500	−0.054%	$3K	$249K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2532	+0.086%	$472K	$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 TRUMPlong	+0.0100%	1h	2.2512	long leg	$196K	$54K	10x
Binance TRUMPUSDTshort	+0.0100%	4h	2.2520	+0.035%	$65.0M	$226.2M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2510	−0.010%	$31.9M	$45.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2520	+0.035%	$28.5M	$161.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2500	−0.054%	$8.0M	$48.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2490	−0.099%	$485K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2510	−0.010%	$4.5M	$10.6M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2510	−0.010%	$16.3M	$22.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2462	−0.225%	$717K	$438K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2566	+0.241%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2530	+0.079%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2500	−0.054%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2550	+0.168%	$566K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2500	−0.054%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2501	−0.048%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0130%	1h	2.2527	+0.068%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2517	+0.021%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2540	+0.123%	$4.2M	$682K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0473%	1h	2.2527	+0.066%	$264K	$299K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	+0.079%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0765%	1h	2.2528	+0.069%	$1.3M	$2.6M	50x	as long as short