Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.032%

Price spread now: dYdX against Paradex+0.080%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 dYdX

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.080% dearer against Paradex than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1409	−0.0116	get 0.0116% / 8h	1h 54m	$5K	$175	5x
Short	dYdX TRUMP-USD	2.1426	0	get 0.0000% / 1h	54m 06s	$27K	$501	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $24.37
Price spread: +0.080% → 0.000%: $7.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: $18.33
Costs to cover: 0.140%
Break-even: 1.7 days

Slippage unknown: Paradex: no order-book sample; dYdX: 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 dYdX no order-book sample	—	—	—	—	—

Paradex and dYdX: 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	−0.1927%	1h	2.1340	−0.321%	$12K	$157K	12x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1419	+0.049%	$74K	$739K	25x	as long as short
Binance TRUMPUSDT	−0.0245%	4h	2.1430	+0.100%	$60.5M	$251.5M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1412	+0.014%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0165%	4h	2.1451	+0.199%	$662K	$424K	—	as long as short
Bybit TRUMPUSDT	−0.0138%	4h	2.1430	+0.100%	$30.4M	$52.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0131%	4h	2.1512	+0.481%	$105K	$263K	20x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0116%	8h	2.1409	long leg	$5K	$175	5x
Gate TRUMP_USDT	−0.0112%	4h	2.1430	+0.100%	$7.6M	$53.4M	75x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1457	+0.227%	$1.3M	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRUMP-USDT-SWAP	−0.0098%	4h	2.1420	+0.053%	$26.4M	$184.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1420	+0.053%	$5K	$233K	10x	as long as short
BloFin TRUMP-USDT	−0.0009%	4h	2.1430	+0.100%	$4.1M	$686K	75x	as long as short
dYdX TRUMP-USDshort	0.0000%	1h	2.1426	+0.080%	$27K	$501	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1433	+0.114%	$404K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1435	+0.122%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1414	+0.026%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0040%	1h	2.1416	+0.034%	$945K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	+0.0043%	1h	2.1425	+0.076%	$82	$6K	5x	as long as short
GRVT TRUMP_USDT_Perp	+0.0086%	4h	2.1455	+0.215%	$182K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1442	+0.156%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1429	+0.094%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1420	+0.053%	$184K	$53K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	+0.053%	$399K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1430	+0.100%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1430	+0.100%	$15.3M	$27.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1430	+0.100%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.146%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1437	+0.133%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	+0.100%	$206K	$418K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0421%	1h	2.1457	+0.226%	$380K	$415K	10x	as long as short