Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.004%

Price spread now: OKX against Paradex+0.158%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 OKX

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 OKX is 0.158% dearer against Paradex than usual: you sell high and buy low: +$16 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	2.1516	−0.0151	get 0.0151% / 8h	2h 02m	$5K	$175	5x
Short	OKX TRUMP-USDT-SWAP	2.1550	−0.0088	pay 0.0044% / 4h	2h 02m	$26.6M	$185.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.158%Rate

Funding earned: $13.12
Price spread: +0.158% → 0.000%: $15.83
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: $14.95
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.32 bp	7.3 bp −$7	10.2 bp −$102	35.4 bp −$3,541	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	−0.1827%	1h	2.1440	−0.353%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0336%	1h	2.1554	+0.177%	$953K	$1.0M	10x	as long as short
Binance TRUMPUSDT	−0.0267%	4h	2.1560	+0.205%	$60.8M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0264%	1h	2.1544	+0.129%	$74K	$739K	25x	as long as short
SoDEX TRUMP-USD	−0.0254%	1h	2.1555	+0.182%	$82	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1546	+0.139%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0201%	4h	2.1560	+0.205%	$30.6M	$52.2M	50x	as long as short
Variational Omni TRUMP	−0.0180%	4h	2.1531	+0.071%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERPlong	−0.0151%	8h	2.1516	long leg	$5K	$175	5x
edgeX TRUMPUSDC	−0.0138%	4h	2.1533	+0.077%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0114%	4h	2.1550	+0.158%	$7.7M	$54.0M	75x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0088%	4h	2.1550	+0.158%	$26.6M	$185.4M	50x
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1550	+0.158%	$4K	$233K	10x	as long as short
BloFin TRUMP-USDT	−0.0031%	4h	2.1540	+0.112%	$4.1M	$690K	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1554	+0.177%	$406K	$81K	10x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1556	+0.187%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1555	+0.181%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1540	+0.112%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1517	+0.006%	$182K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1568	+0.242%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1559	+0.198%	$405K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1532	+0.075%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1540	+0.112%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1550	+0.158%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1550	+0.158%	$15.4M	$27.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1570	+0.251%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.298%	$486K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1559	+0.200%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1592	+0.351%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0282%	1h	2.1578	+0.288%	$384K	$413K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1540	+0.112%	$214K	$410K	50x	as long as short