Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h +0.004%

Price spread now: Bybit against Paradex−0.067%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 Bybit

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. Bybit is 0.067% cheaper against Paradex than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1584	0.0025	pay 0.0025% / 8h	4h 22m	$5K	$175	5x
Short	Bybit TRUMPUSDT	2.1570	0.0083	get 0.0041% / 4h	22m 02s	$30.6M	$49.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.067%Rate

Funding earned: $12.05
Price spread: −0.067% → 0.000%: −$6.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$9.64
Costs to cover: 0.150%
Break-even: 12.6 days

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.32 bp	7.8 bp −$8	16.6 bp −$166	120.0 bp −$12.0K	doesn't fit

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	−0.1690%	1h	2.1460	−0.577%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	−0.061%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0125%	1h	2.1567	−0.081%	$98	$6K	5x	as long as short
Lighter TRUMP	−0.0096%	1h	2.1566	−0.085%	$954K	$957K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0074%	1h	2.1579	−0.025%	$406K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1560	−0.113%	$7.6M	$51.0M	75x	as long as short
Extended TRUMP-USD	−0.0008%	1h	2.1569	−0.069%	$75K	$716K	25x	as long as short
Binance TRUMPUSDT	−0.0005%	4h	2.1570	−0.067%	$60.5M	$241.7M	75x	as long as short
dYdX TRUMP-USD	−0.0003%	1h	2.1586	+0.006%	$27K	$512	5x	as long as short
edgeX TRUMPUSDC	+0.0002%	4h	2.1592	+0.033%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0003%	4h	2.1581	−0.016%	$666K	$488K	—	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1580	−0.021%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0025%	8h	2.1584	long leg	$5K	$175	5x
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1570	−0.067%	$4K	$207K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1562	−0.103%	$19K	—	3x	as long as short
Bybit TRUMPUSDTshort	+0.0083%	4h	2.1570	−0.067%	$30.6M	$49.6M	50x
BloFin TRUMP-USDT	+0.0084%	4h	2.1560	−0.113%	$4.1M	$683K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1581	−0.016%	$14.3M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1586	+0.007%	$423K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1594	+0.044%	$186K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1570	−0.067%	$27.2M	$173.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	−0.021%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1590	+0.026%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1560	−0.113%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1581	−0.016%	$252K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1600	+0.072%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.072%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.072%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1573	−0.051%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1596	+0.051%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	−0.021%	$279K	$281K	50x	as long as short