Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.005%

Price spread now: Binance against Paradex+0.027%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Binance

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

The price spread pays, funding is against you. Binance is 0.027% dearer against Paradex than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1226	−0.0227	get 0.0227% / 8h	2h 31m	$5K	$175	5x
Short	Binance TRUMPUSDT	2.1232	−0.0264	pay 0.0132% / 4h	2h 31m	$59.8M	$249.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$7.61
Price spread: +0.027% → 0.000%: $2.73
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.88
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 12 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 Paradex no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	2.34 bp	7.3 bp −$7	7.3 bp −$73	30.6 bp −$3,059	199.4 bp −$99.7K

Paradex: 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	−0.1827%	1h	2.1180	−0.216%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0496%	1h	2.1218	−0.037%	$937K	$996K	10x	as long as short
SoDEX TRUMP-USD	−0.0467%	1h	2.1200	−0.122%	$83	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0410%	1h	2.1210	−0.075%	$399K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0305%	4h	2.1220	−0.028%	$30.0M	$51.6M	50x	as long as short
Binance TRUMPUSDTshort	−0.0264%	4h	2.1232	+0.027%	$59.8M	$249.8M	75x
Extended TRUMP-USD	−0.0256%	1h	2.1219	−0.031%	$76K	$746K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1197	−0.137%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0227%	8h	2.1226	long leg	$5K	$175	5x
Variational Omni TRUMP	−0.0153%	4h	2.1322	+0.451%	$658K	$427K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0140%	4h	2.1230	+0.019%	$7.6M	$53.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0125%	4h	2.1361	+0.635%	$104K	$264K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0052%	4h	2.1220	−0.028%	$26.5M	$179.4M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0050%	4h	2.1330	+0.490%	$178K	$4.6M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0038%	4h	2.1200	−0.122%	$5K	$220K	10x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1246	+0.094%	$27K	$506	5x	as long as short
BloFin TRUMP-USDT	−0.0015%	4h	2.1190	−0.169%	$4.1M	$680K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1225	−0.006%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1164	−0.294%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1228	+0.009%	$13.3M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1241	+0.070%	$399K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1226	−0.002%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1230	+0.019%	$395K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1240	+0.066%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1230	+0.019%	$15.3M	$26.6M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1230	+0.019%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1210	−0.075%	$478K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1229	+0.013%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0184%	1h	2.1246	+0.095%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1225	−0.006%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1200	−0.122%	$253K	$317K	50x	as long as short