Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0371%/8h= +40.6% APRpaid last 24h +0.004%

Price spread now: Aevo against Paradex−0.105%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.105% cheaper against Paradex than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1703	−0.0307	get 0.0307% / 8h	3h 24m	$5K	$175	5x
Short	Aevo TRUMP-PERP	2.1680	0.0064	get 0.0008% / 1h	24m 52s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.105%Rate

Funding earned: $77.86
Price spread: −0.105% → 0.000%: −$10.46
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: $47.41
Costs to cover: 0.200%
Break-even: 2.7 days

Slippage unknown: Paradex: no order-book sample; Aevo: 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex and Aevo: 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 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	−0.1765%	1h	2.1580	−0.565%	$13K	$157K	12x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0307%	8h	2.1703	long leg	$5K	$175	5x
SoDEX TRUMP-USD	−0.0278%	1h	2.1685	−0.082%	$86	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0257%	1h	2.1700	−0.012%	$408K	$72K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	−0.054%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0242%	4h	2.1670	−0.151%	$7.8M	$51.7M	75x	as long as short
Binance TRUMPUSDT	−0.0089%	4h	2.1680	−0.105%	$61.4M	$246.0M	75x	as long as short
Extended TRUMP-USD	−0.0088%	1h	2.1669	−0.156%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0040%	4h	2.1704	+0.004%	$106K	$263K	20x	as long as short
Variational Omni TRUMP	−0.0020%	4h	2.1681	−0.100%	$670K	$516K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0005%	1h	2.1720	+0.080%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	+0.053%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0021%	4h	2.1700	−0.012%	$3K	$190K	10x	as long as short
Bybit TRUMPUSDT	+0.0063%	4h	2.1680	−0.105%	$30.7M	$50.2M	50x	as long as short
Aevo TRUMP-PERPshort	+0.0064%	1h	2.1680	−0.105%	$19K	—	3x
Lighter TRUMP	+0.0072%	1h	2.1687	−0.072%	$957K	$975K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0092%	4h	2.1790	+0.402%	$179K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1704	+0.006%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1703	+0.002%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1711	+0.040%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1670	−0.151%	$27.7M	$178.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1670	−0.151%	$406K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1680	−0.105%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1680	−0.105%	$15.7M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1710	+0.034%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1720	+0.080%	$496K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0151%	4h	2.1720	+0.080%	$4.2M	$665K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1714	+0.054%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1716	+0.062%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0245%	1h	2.1717	+0.066%	$341K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1890	+0.863%	$283K	$279K	50x	as long as short