Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: edgeX against Pacifica−0.394%52s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$610.606% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 3 days (all we have)+0.475%+$48 · spread now −0.394%, 7d avg −0.028%

Together, before fees+0.261%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.366% cheaper against Pacifica than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 52 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	2.1890	0.0100	pay 0.0013% / 1h	22m 17s	$188K	$60K	10x
Short	edgeX TRUMPUSDC	2.1803	0.0050	get 0.0025% / 4h	2h 22m	$119K	$247K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.394%Rate

Funding earned: −$10.5
Price spread: −0.394% → −0.028%: −$36.64
Slippage, 4 orders: −$43.59
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$107.73
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from Pacifica: live order book, 65 min ago; edgeX: live order book, 65 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, 65 min ago	8.48 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 65 min ago	6.86 bp	13.7 bp −$14	38.7 bp −$387	doesn't fit	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	2.1710	−0.821%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1904	+0.066%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1919	+0.134%	$1.1M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1879	−0.049%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1896	+0.029%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1897	+0.035%	$41K	—	150x	as long as short
edgeX TRUMPUSDCshort	+0.0050%	4h	2.1803	−0.394%	$119K	$247K	20x
Lighter TRUMP	+0.0056%	1h	2.1880	−0.044%	$974K	$660K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0076%	8h	2.1883	−0.032%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1890	+0.001%	$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
Aster TRUMPUSDT	+0.0100%	4h	2.1895	+0.022%	$459K	$831K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1890	long leg	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1890	+0.001%	$62.3M	$215.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1890	+0.001%	$30.5M	$42.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	+0.001%	$26.8M	$147.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1880	−0.044%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.044%	$481K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1890	+0.001%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.047%	$15.6M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	−0.208%	$680K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1830	−0.273%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	+0.093%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	+0.024%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1920	+0.138%	$514K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1892	+0.012%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1885	−0.021%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0138%	1h	2.1911	+0.097%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0204%	1h	2.1915	+0.116%	$259K	$262K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1897	+0.032%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1950	+0.276%	$282K	$401K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.181%	$4.2M	$496K	75x	as long as short