Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.002%

Price spread now: Orderly against Pacifica−0.085%7-day average −0.030% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.085%, 7d avg −0.030%

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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.055% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.2019	0.0100	pay 0.0013% / 1h	23m 34s	$190K	$57K	10x
Short	Orderly PERP_TRUMP_USDC	2.2000	0.0086	get 0.0043% / 4h	2h 23m	$4K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.085%Rate

Funding earned: −$2.96
Price spread: −0.085% → −0.030%: −$5.49
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$22.45
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 44 min ago; Orderly: no order-book sample. Net counts fees only.

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, 44 min ago	10.70 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TRUMP on 30 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	−0.1623%	1h	2.1960	−0.267%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1974	−0.203%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0070%	4h	2.2010	−0.040%	$7.8M	$49.2M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2036	+0.079%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2019	+0.001%	$414K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2014	−0.020%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2025	+0.028%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.2010	−0.040%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0076%	1h	2.2015	−0.017%	$78	$6K	5x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0086%	4h	2.2000	−0.085%	$4K	$239K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2006	−0.058%	$979K	$790K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2005	−0.062%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2031	+0.056%	$436K	$861K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.2019	long leg	$190K	$57K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1982	−0.166%	$63.9M	$235.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1980	−0.176%	$31.6M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1980	−0.176%	$29.0M	$170.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2000	−0.085%	$438K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2030	+0.051%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1990	−0.130%	$15.8M	$24.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2081	+0.285%	$696K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2043	+0.110%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2040	+0.097%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2060	+0.188%	$552K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2004	−0.066%	$76K	$597K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2005	−0.062%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2009	−0.042%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0293%	1h	2.2049	+0.138%	$258K	$319K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2042	+0.106%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.778%	$288K	$307K	50x	as long as short