Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h −0.016%

Price spread now: edgeX against Paradex+0.468%52s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.468% dearer against Paradex than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1602	−0.0303	get 0.0303% / 8h	3h 21m	$5K	$175	5x
Short	edgeX TRUMPUSDC	2.1704	−0.0040	pay 0.0020% / 4h	3h 21m	$106K	$263K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.468%Rate

Funding earned: $55.21
Price spread: +0.468% → 0.000%: $46.83
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $89.04
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 31 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 edgeX live order book, 31 min ago	6.88 bp	14.4 bp −$14	40.9 bp −$409	doesn't fit	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	−0.1765%	1h	2.1550	−0.243%	$13K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0351%	1h	2.1611	+0.039%	$407K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0323%	1h	2.1605	+0.012%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0303%	8h	2.1602	long leg	$5K	$175	5x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1611	+0.042%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0234%	4h	2.1610	+0.035%	$7.8M	$51.8M	75x	as long as short
Binance TRUMPUSDT	−0.0099%	4h	2.1591	−0.053%	$61.1M	$245.7M	75x	as long as short
Extended TRUMP-USD	−0.0096%	1h	2.1599	−0.016%	$74K	$716K	25x	as long as short
edgeX TRUMPUSDCshort	−0.0040%	4h	2.1704	+0.468%	$106K	$263K	20x
Variational Omni TRUMP	−0.0020%	4h	2.1681	+0.363%	$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	−0.0008%	1h	2.1636	+0.156%	$27K	$512	5x	as long as short
Bybit TRUMPUSDT	−0.0007%	4h	2.1590	−0.058%	$30.6M	$50.2M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1625	+0.103%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0016%	4h	2.1620	+0.081%	$4K	$193K	10x	as long as short
Lighter TRUMP	+0.0040%	1h	2.1601	−0.007%	$954K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1590	−0.058%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0058%	4h	2.1690	+0.405%	$177K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1621	+0.086%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1619	+0.076%	$407K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1615	+0.056%	$186K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1590	−0.058%	$27.6M	$178.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1610	+0.035%	$405K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	+0.035%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1590	−0.058%	$15.7M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1630	+0.127%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1620	+0.081%	$494K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0141%	4h	2.1660	+0.266%	$4.2M	$663K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1620	+0.082%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1629	+0.123%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0209%	1h	2.1628	+0.118%	$339K	$377K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1630	+0.127%	$280K	$276K	50x	as long as short