Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1565%/8h= −171.3% APRpaid last 24h −0.516%

Price spread now: Injective against Paradex−0.564%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 Injective

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 against this trade now: funding costs −$47 a day on $10k at the current rate, and Injective is 0.564% cheaper against Paradex than usual: you would sell low and buy high (−$56 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1893	0.0093	pay 0.0093% / 8h	1h 14m	$5K	—	5x
Short	Injective TRUMP/USDC PERP	2.1770	−0.1472	pay 0.0184% / 1h	14m 09s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.564%Rate

Funding earned: −$328.59
Price spread: −0.564% → 0.000%: −$56.35
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$388.96
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Injective: live order book, 55 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 Injective live order book, 55 min ago	34.40 bp	34.4 bp −$34	doesn't fit	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 PERPshort	−0.1472%	1h	2.1770	−0.564%	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1892	−0.006%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1887	−0.029%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1893	−0.002%	$411K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1896	+0.011%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1865	−0.129%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1890	−0.015%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0093%	8h	2.1893	long leg	$5K	—	5x
Lighter TRUMP	+0.0096%	1h	2.1882	−0.052%	$973K	$682K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1912	+0.085%	$14.0M	$7.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1900	+0.029%	$455K	$833K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1900	+0.032%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1887	−0.029%	$62.5M	$219.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1890	−0.015%	$30.6M	$43.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	−0.061%	$26.9M	$150.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1890	−0.015%	$7.4M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.061%	$481K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1900	+0.030%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.030%	$15.5M	$21.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1892	−0.005%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1900	+0.030%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1920	+0.122%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1885	−0.038%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1920	+0.122%	$532K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	−0.059%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1885	−0.038%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1890	−0.017%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	−0.152%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0345%	1h	2.1910	+0.076%	$259K	$274K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	+0.122%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1920	+0.120%	$1.3M	$2.5M	50x	as long as short