Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Pacifica+0.268%7-day average −0.019% · you sell dearer than you buy

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$12 on $10k

Price spread, last 4 days (all we have)−0.464%−$46 · spread now +0.268%, 7d avg −0.019%

Together, before fees−0.579%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.287% dearer against Pacifica than usual: you sell high and buy low (spread +0.268% now, against its 7-day average of −0.019%): +$29 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1424	0.0100	pay 0.0013% / 1h	47m 53s	$184K	$53K	10x
Short	Variational Omni TRUMP	2.1481	−0.0017	pay 0.0008% / 4h	47m 53s	$657K	$482K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.268%Rate

Funding earned: −$24.54
Price spread: +0.268% → −0.019%: $28.7
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.85
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 10 min ago; Variational Omni: RFQ quote, 11 min ago. 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, 10 min ago	5.37 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 11 min ago	5.04 bp	doesn't fit	12.1 bp −$121	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	−0.1690%	1h	2.1340	−0.391%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0432%	1h	2.1425	+0.006%	$88	$6K	5x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1420	−0.018%	$947K	$933K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1436	+0.059%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0123%	1h	2.1434	+0.048%	$403K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0120%	4h	2.1440	+0.076%	$7.6M	$50.4M	75x	as long as short
Bybit TRUMPUSDT	−0.0053%	4h	2.1440	+0.076%	$30.4M	$49.3M	50x	as long as short
Variational Omni TRUMPshort	−0.0017%	4h	2.1481	+0.268%	$657K	$482K	—
dYdX TRUMP-USD	−0.0009%	1h	2.1434	+0.048%	$27K	$512	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0006%	8h	2.1428	+0.019%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1455	+0.144%	$40K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0035%	4h	2.1566	+0.665%	$105K	$264K	20x	as long as short
Extended TRUMP-USD	+0.0040%	1h	2.1434	+0.049%	$74K	$745K	25x	as long as short
Binance TRUMPUSDT	+0.0043%	4h	2.1431	+0.034%	$60.4M	$241.1M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0052%	4h	2.1430	+0.029%	$4K	$221K	10x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1553	+0.603%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1461	+0.174%	$14.1M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1435	+0.052%	$421K	$826K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1424	long leg	$184K	$53K	10x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1440	+0.076%	$27.0M	$171.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	+0.029%	$411K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1440	+0.076%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1440	+0.076%	$15.5M	$25.7M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1461	+0.174%	$251K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1580	+0.729%	$179K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.122%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	+0.029%	$496K	$2.1M	50x	as long as short
BloFin TRUMP-USDT	+0.0210%	4h	2.1380	−0.204%	$4.1M	$671K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1458	+0.160%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1452	+0.129%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1550	+0.589%	$279K	$281K	50x	as long as short