Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.001%

Price spread now: MEXC against Paradex+0.200%46s7-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 MEXC

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 +$2 a day on $10k at the current rate, and MEXC is 0.200% dearer against Paradex than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	2.1796	0.0040	pay 0.0040% / 8h	3h 45m	$5K	$175	5x
Short	MEXC TRUMP_USDC	2.1840	0.0100	get 0.0050% / 4h	3h 45m	$410K	$149K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.200%Rate

Funding earned: $12.61
Price spread: +0.200% → 0.000%: $20
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: $28.61
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 64 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 MEXC live order book, 64 min ago	2.34 bp	6.3 bp −$6	29.8 bp −$298	132.4 bp −$13.2K	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	2.1710	−0.396%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1811	+0.069%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0148%	4h	2.1850	+0.246%	$7.9M	$51.1M	75x	as long as short
Bybit TRUMPUSDT	−0.0136%	4h	2.1840	+0.200%	$30.9M	$49.9M	50x	as long as short
SoDEX TRUMP-USD	−0.0108%	1h	2.1845	+0.223%	$95	$6K	5x	as long as short
Extended TRUMP-USD	−0.0040%	1h	2.1824	+0.126%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0039%	4h	2.1840	+0.202%	$61.6M	$244.1M	75x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	+0.022%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	+0.113%	$106K	$265K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1836	+0.182%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1858	+0.283%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1844	+0.220%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0037%	4h	2.1840	+0.200%	$4K	$176K	10x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0040%	8h	2.1796	long leg	$5K	$175	5x
Aevo TRUMP-PERP	+0.0072%	1h	2.1832	+0.165%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1846	+0.228%	$966K	$960K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1865	+0.315%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1869	+0.333%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1819	+0.106%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	+0.108%	$27.8M	$178.7M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1840	+0.200%	$410K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.200%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	+0.246%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	+0.017%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.154%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1860	+0.292%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1873	+0.351%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1839	+0.194%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0201%	4h	2.1830	+0.154%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1830	+0.154%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0409%	1h	2.1875	+0.361%	$343K	$375K	10x	as long as short