Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.002%

Price spread now: Orderly against Paradex+0.053%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 Orderly

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.053% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it 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	2.2048	0.0098	pay 0.0098% / 8h	7h 28m	$5K	—	5x
Short	Orderly PERP_TRUMP_USDC	2.2060	0.0097	get 0.0048% / 4h	3h 28m	$3K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.053%Rate

Funding earned: −$0.32
Price spread: +0.053% → 0.000%: $5.33
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.98
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: 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	−0.1608%	1h	2.1950	−0.446%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2062	+0.061%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2046	−0.008%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2065	+0.076%	$414K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2066	+0.078%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2040	−0.037%	$120K	$250K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2053	+0.022%	$980K	$769K	10x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0097%	4h	2.2060	+0.053%	$3K	$249K	10x
Paradex TRUMP-USD-PERPlong	+0.0098%	8h	2.2048	long leg	$5K	—	5x
Aster TRUMPUSDT	+0.0100%	4h	2.2064	+0.070%	$459K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2050	+0.010%	$190K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2071	+0.105%	$63.0M	$222.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2070	+0.099%	$30.9M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2080	+0.144%	$27.3M	$154.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2050	+0.008%	$7.6M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2050	+0.008%	$478K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2060	+0.053%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2070	+0.099%	$16.1M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2022	−0.121%	$706K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2030	−0.083%	$188K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2080	+0.144%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2056	+0.035%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2100	+0.235%	$558K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2060	+0.054%	$78K	$610K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2055	+0.031%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0175%	1h	2.2083	+0.157%	$14.3M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2069	+0.096%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2050	+0.008%	$4.2M	$630K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0454%	1h	2.2083	+0.158%	$258K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.171%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0780%	1h	2.2079	+0.138%	$1.3M	$2.5M	50x	as long as short