Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Variational Omni+0.444%7-day average +0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.444%, 7d avg +0.020%

Together, before fees−0.131%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.423% dearer against Variational Omni than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1883	0.0100	pay 0.0050% / 4h	1h 42m	$682K	$261K	—
Short	Aster TRUMPUSDT	2.1980	0.0100	get 0.0050% / 4h	1h 42m	$458K	$831K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.444%Rate

Funding earned: $0
Price spread: +0.444% → +0.020%: $42.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $34.32
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 41 min ago; Aster: live order book, 40 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 Variational Omni RFQ quote, 41 min ago	5.01 bp	doesn't fit	22.5 bp −$225	doesn't fit	doesn't fit
Sell Aster live order book, 40 min ago	2.28 bp	8.0 bp −$8	21.6 bp −$216	doesn't fit	doesn't fit

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	−0.1472%	1h	2.1810	−0.333%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1953	+0.322%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1948	+0.297%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1950	+0.307%	$412K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1947	+0.294%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1915	+0.148%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1940	+0.261%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0089%	8h	2.1954	+0.326%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1949	+0.302%	$977K	$671K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1984	+0.462%	$14.1M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDTshort	+0.0100%	4h	2.1980	+0.444%	$458K	$831K	20x
Pacifica TRUMP	+0.0100%	1h	2.1963	+0.364%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1960	+0.352%	$62.6M	$217.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1950	+0.307%	$30.8M	$42.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1960	+0.352%	$26.9M	$149.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1960	+0.352%	$7.3M	$46.9M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1930	+0.215%	$482K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1960	+0.352%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1960	+0.352%	$15.6M	$20.6M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.1883	long leg	$682K	$261K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1947	+0.291%	$189K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1970	+0.398%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1945	+0.284%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1970	+0.398%	$523K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1961	+0.358%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1945	+0.284%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1942	+0.269%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0301%	1h	2.1975	+0.421%	$260K	$267K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1950	+0.307%	$4.2M	$519K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.105%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0520%	1h	2.1974	+0.417%	$1.3M	$2.4M	50x	as long as short