Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.5% APRpaid last 24h +0.060%

Price spread now: BloFin against Pacifica+0.303%94s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.535% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)−0.334%−$33 · spread now +0.303%, 7d avg −0.025%

Together, before fees−0.137%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.328% dearer against Pacifica than usual: you sell high and buy low (spread +0.303% now, against its 7-day average of −0.025%): +$33 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 49 days. Mind the row above: over the last 7 days funding on this pair paid +0.197%, so the current rate has only just turned against you. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1455	0.0100	pay 0.0013% / 1h	39m 37s	$185K	$54K	10x
Short	BloFin TRUMP-USDT	2.1520	0.0078	get 0.0039% / 4h	39m 37s	$4.1M	$705K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.303%Rate

Funding earned: −$4.72
Price spread: +0.303% → −0.025%: $32.82
Slippage, 4 orders: −$33.47
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.37
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from Pacifica: live order book, 63 min ago; BloFin: live order book, 4 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, 63 min ago	6.55 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	2.32 bp	8.3 bp −$8	12.1 bp −$121	27.4 bp −$2,740	88.3 bp −$44.1K

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	−0.1797%	1h	2.1440	−0.070%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0541%	1h	2.1486	+0.144%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0282%	1h	2.1465	+0.047%	$80	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1456	+0.006%	$5	—	10x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1442	−0.061%	$937K	$1.0M	10x	as long as short
Binance TRUMPUSDT	−0.0166%	4h	2.1450	−0.023%	$60.8M	$250.8M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1424	−0.144%	$76K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0152%	4h	2.1430	−0.117%	$26.6M	$184.0M	50x	as long as short
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.353%	$665K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0120%	4h	2.1450	−0.023%	$7.6M	$53.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0109%	4h	2.1450	−0.023%	$30.6M	$52.4M	50x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1539	+0.391%	$105K	$252K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0075%	8h	2.1431	−0.113%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0051%	4h	2.1500	+0.210%	$5K	$268K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1456	+0.004%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1504	+0.230%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0032%	4h	2.1450	−0.023%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1470	+0.070%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1540	+0.396%	$171K	$466K	50x	as long as short
BloFin TRUMP-USDTshort	+0.0078%	4h	2.1520	+0.303%	$4.1M	$705K	75x
Hyperliquid TRUMP	+0.0100%	1h	2.1478	+0.107%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1452	−0.013%	$402K	$778K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1455	long leg	$185K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1440	−0.070%	$399K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1440	−0.070%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.396%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.303%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.256%	$484K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1500	+0.210%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0331%	1h	2.1499	+0.205%	$384K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1496	+0.191%	$1.3M	$2.3M	50x	as long as short