Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni0.000%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1844	0.0100	pay 0.0050% / 4h	2h 23m	$680K	$262K	—
Short	Aevo TRUMP-PERP	2.1844	0.0104	get 0.0013% / 1h	23m 52s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → 0.000%: −$0.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$15.17
Costs to cover: 0.160%
Break-even: 133.4 days

Slippage unknown: Variational Omni: RFQ quote, just now; Aevo: 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 Variational Omni RFQ quote, just now	5.01 bp	doesn't fit	22.5 bp −$225	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.1787%	1h	2.1710	−0.615%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1855	+0.047%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1874	+0.135%	$1.1M	$2.1M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0070%	1h	2.1862	+0.081%	$410K	$79K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1859	+0.069%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1864	+0.092%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0032%	1h	2.1842	−0.010%	$972K	$660K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1803	−0.187%	$119K	$247K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0075%	8h	2.1849	+0.020%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1850	+0.026%	$3K	$249K	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	2.1862	+0.081%	$458K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1870	+0.120%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1852	+0.034%	$62.2M	$215.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1860	+0.072%	$30.4M	$42.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	+0.072%	$26.7M	$147.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1860	+0.072%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	+0.072%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1860	+0.072%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1860	+0.072%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.1844	long leg	$680K	$262K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1830	−0.065%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1880	+0.164%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1855	+0.049%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.118%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1855	+0.049%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERPshort	+0.0104%	1h	2.1844	0.000%	$19K	—	3x
Hyperliquid TRUMP	+0.0135%	1h	2.1881	+0.168%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0200%	1h	2.1872	+0.127%	$259K	$261K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1862	+0.081%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1950	+0.484%	$282K	$401K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1840	−0.019%	$4.1M	$495K	75x	as long as short