Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0435%/8h= −47.7% APRpaid last 24h −0.015%

Price spread now: OKX against Pacifica+0.006%7-day average −0.039% · 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−$49as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.006%, 7d avg −0.039%

Together, before fees−0.086%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.045% dearer against Pacifica than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.039%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.119% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1519	0.0100	pay 0.0013% / 1h	19m 33s	$185K	$54K	10x
Short	OKX TRUMP-USDT-SWAP	2.1520	−0.0335	pay 0.0168% / 4h	2h 19m	$27.2M	$177.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$91.43
Price spread: +0.006% → −0.039%: $4.52
Slippage, 4 orders: −$35.35
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$140.25
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from Pacifica: live order book, 31 min ago; OKX: 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, 31 min ago	7.22 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.32 bp	9.1 bp −$9	13.4 bp −$134	33.0 bp −$3,301	doesn't fit

TRUMP on 32 exchanges

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	−0.1841%	1h	2.1600	+0.378%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0390%	4h	2.1541	+0.102%	$669K	$403K	—	as long as short
Bybit TRUMPUSDT	−0.0378%	4h	2.1530	+0.053%	$31.4M	$49.6M	50x	as long as short
SoDEX TRUMP-USD	−0.0337%	1h	2.1535	+0.076%	$65	$6K	5x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0335%	4h	2.1520	+0.006%	$27.2M	$177.6M	50x
Binance TRUMPUSDT	−0.0298%	4h	2.1530	+0.053%	$63.2M	$242.2M	75x	as long as short
Extended TRUMP-USD	−0.0296%	1h	2.1518	−0.002%	$74K	$494K	25x	as long as short
Gate TRUMP_USDT	−0.0276%	4h	2.1540	+0.099%	$7.8M	$48.5M	75x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1515	−0.017%	$931K	$979K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1530	+0.055%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	+0.006%	$133K	$516K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0225%	8h	2.1513	−0.025%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0168%	1h	2.1546	+0.127%	$387K	$78K	10x	as long as short
edgeX TRUMPUSDC	−0.0149%	4h	2.1552	+0.153%	$105K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0122%	4h	2.1520	+0.006%	$4.2M	$10.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0081%	4h	2.1540	+0.099%	$5K	$313K	10x	as long as short
MEXC TRUMP_USDC	−0.0078%	4h	2.1500	−0.087%	$392K	$151K	125x	as long as short
BloFin TRUMP-USDT	−0.0059%	4h	2.1580	+0.285%	$4.3M	$680K	75x	as long as short
Bitget TRUMPUSDT	−0.0022%	4h	2.1530	+0.053%	$15.4M	$25.7M	75x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1556	+0.172%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1520	+0.006%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1563	+0.205%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1568	+0.228%	$1.3M	$2.2M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0020%	4h	2.1545	+0.123%	$178K	$4.2M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1552	+0.155%	$13.7M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1532	+0.064%	$406K	$655K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1519	long leg	$185K	$54K	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1560	+0.192%	$1K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	+0.238%	$497K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1540	+0.099%	$88K	$236K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0186% / S −0.0180%	1h	2.1549	+0.141%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0215%	1h	2.1568	+0.229%	$385K	$405K	10x	as long as short