Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.009%

Price spread now: Extended against Paradex0.000%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 Extended

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 · Extended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1440	−0.0102	get 0.0102% / 8h	17m 44s	$5K	$175	5x
Short	Extended TRUMP-USD	2.1440	−0.0184	pay 0.0023% / 1h	17m 44s	$74K	$496K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$17.27
Price spread: 0.000% → 0.000%: −$0.02
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.29
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 20 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 Extended live order book, 20 min ago	7.01 bp	10.1 bp −$10	33.1 bp −$331	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	−0.1797%	1h	2.1290	−0.698%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0335%	1h	2.1445	+0.025%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1432	−0.037%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1456	+0.077%	$404K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0211%	4h	2.1371	−0.319%	$660K	$423K	—	as long as short
Lighter TRUMP	−0.0200%	1h	2.1445	+0.025%	$938K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0187%	4h	2.1450	+0.049%	$26.7M	$184.1M	50x	as long as short
Extended TRUMP-USDshort	−0.0184%	1h	2.1440	0.000%	$74K	$496K	25x
Binance TRUMPUSDT	−0.0183%	4h	2.1455	+0.071%	$60.6M	$250.9M	75x	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1450	+0.049%	$7.6M	$53.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERPlong	−0.0102%	8h	2.1440	long leg	$5K	$175	5x
edgeX TRUMPUSDC	−0.0091%	4h	2.1352	−0.409%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0067%	4h	2.1440	+0.002%	$5K	$277K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1456	+0.076%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1456	+0.077%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1450	+0.049%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1428	−0.055%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.511%	$167K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0057%	4h	2.1430	−0.045%	$4.1M	$686K	75x	as long as short
Bitget TRUMPUSDT	+0.0084%	4h	2.1460	+0.095%	$15.2M	$27.1M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1474	+0.161%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1463	+0.107%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1460	+0.097%	$185K	$54K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1460	+0.095%	$30.5M	$52.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	+0.049%	$399K	$148K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.231%	$180K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.095%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.049%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1460	+0.095%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0278%	1h	2.1483	+0.203%	$382K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1479	+0.185%	$1.3M	$2.3M	50x	as long as short