Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Pacifica+0.089%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$540.544% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)−0.215%−$22 · spread now +0.089%, 7d avg −0.023%

Together, before fees−0.321%+ Points / potential airdropPacifica: Active · farm board−$32 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: Bitget is 0.112% dearer against Pacifica than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1781	0.0100	pay 0.0013% / 1h	35m 26s	$188K	$60K	10x
Short	Bitget TRUMPUSDT	2.1800	0.0100	get 0.0050% / 4h	2h 35m	$15.4M	$20.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.023%: $11.22
Slippage, 4 orders: −$34.39
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.17
Costs to cover: 0.544%
Break-even: never at this rate

Slippage from Pacifica: live order book, 52 min ago; Bitget: live order book, 3 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, 52 min ago	8.48 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.30 bp	8.9 bp −$9	13.5 bp −$135	48.1 bp −$4,810	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	−0.1787%	1h	2.1600	−0.829%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1784	+0.017%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1805	+0.112%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1759	−0.099%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1800	+0.089%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1798	+0.078%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0040%	1h	2.1760	−0.095%	$970K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1731	−0.229%	$118K	$243K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0070%	8h	2.1777	−0.016%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1790	+0.043%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TRUMP_USDC	+0.0090%	4h	2.1780	−0.003%	$478K	$134K	125x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1788	+0.032%	$457K	$834K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1781	long leg	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1797	+0.074%	$62.1M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	+0.089%	$30.3M	$42.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	+0.043%	$26.6M	$147.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1780	−0.003%	$7.4M	$46.8M	75x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1790	+0.043%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1800	+0.089%	$15.4M	$20.2M	75x
Variational Omni TRUMP	+0.0100%	4h	2.1744	−0.167%	$679K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1770	−0.049%	$185K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	+0.135%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1789	+0.038%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	−0.003%	$510K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1782	+0.009%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1783	+0.012%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0144%	1h	2.1813	+0.149%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0153%	1h	2.1764	−0.076%	$260K	$262K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1793	+0.059%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1820	+0.181%	$281K	$397K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1800	+0.089%	$4.2M	$494K	75x	as long as short