Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0219%/8h= −23.9% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Paradex−0.170%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.170% cheaper against Paradex than usual: you would sell low and buy high (−$17 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	2.1376	−0.0162	get 0.0162% / 8h	4h 48m	$5K	$175	5x
Short	Variational Omni TRUMP	2.1339	−0.0381	pay 0.0190% / 4h	48m 44s	$664K	$399K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.170%Rate

Funding earned: −$45.91
Price spread: −0.170% → 0.000%: −$16.98
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$66.89
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 58 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 Variational Omni RFQ quote, 58 min ago	5.06 bp	doesn't fit	14.1 bp −$141	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 32 exchanges

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
SoDEX TRUMP-USD	−0.0464%	1h	2.1325	−0.237%	$80	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0386%	4h	2.1390	+0.067%	$62.5M	$236.1M	75x	as long as short
Extended TRUMP-USD	−0.0384%	1h	2.1333	−0.200%	$73K	$483K	25x	as long as short
Variational Omni TRUMPshort	−0.0381%	4h	2.1339	−0.170%	$664K	$399K	—
Bybit TRUMPUSDT	−0.0337%	4h	2.1390	+0.067%	$31.1M	$48.1M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1270	−0.494%	$125K	$520K	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0310%	4h	2.1380	+0.020%	$27.0M	$172.4M	50x	as long as short
MEXC TRUMP_USDC	−0.0280%	4h	2.1370	−0.026%	$387K	$142K	125x	as long as short
Lighter TRUMP	−0.0248%	1h	2.1378	+0.011%	$914K	$929K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1309	−0.310%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0244%	4h	2.1350	−0.120%	$7.6M	$46.2M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0238%	4h	2.1360	−0.073%	$4.3M	$10.0M	50x	as long as short
edgeX TRUMPUSDC	−0.0190%	4h	2.1338	−0.176%	$104K	$253K	20x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0162%	8h	2.1376	long leg	$5K	$175	5x
BloFin TRUMP-USDT	−0.0146%	4h	2.1280	−0.447%	$4.3M	$652K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0090%	4h	2.1260	−0.541%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0034%	4h	2.1370	−0.026%	$15.4M	$24.7M	75x	as long as short
dYdX TRUMP-USD	−0.0027%	1h	2.1385	+0.042%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1310	−0.305%	$18K	—	3x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1286	−0.419%	$382K	$67K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0004%	4h	2.1352	−0.111%	$179K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1283	−0.432%	$40K	—	150x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.120%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1373	−0.012%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1380	+0.020%	$403K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1379	+0.014%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1330	−0.214%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1320	−0.260%	$482K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1290	−0.401%	$276K	$612K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0147%	1h	2.1331	−0.209%	$381K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0219% / S −0.0221%	1h	2.1301	−0.348%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0329%	1h	2.1313	−0.291%	$1.4M	$2.1M	50x	as long as short