Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against Variational Omni−0.142%7-day average +0.019% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days+0.158%+$16 · spread now −0.142%, 7d avg +0.019%

Together, before fees+0.158%+ Points / potential airdropVariational Omni: Active · farm board+$16 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: Binance is 0.161% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.2081	0.0100	pay 0.0050% / 4h	2h 25m	$696K	$448K	—
Short	Binance TRUMPUSDT	2.2050	0.0100	get 0.0050% / 4h	2h 25m	$64.1M	$236.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → +0.019%: −$16.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.06
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 44 min ago; Binance: live order book, 3 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, 44 min ago	4.94 bp	doesn't fit	17.3 bp −$173	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.26 bp	7.3 bp −$7	15.2 bp −$152	44.3 bp −$4,433	198.2 bp −$99.1K

TRUMP on 30 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	−0.1623%	1h	2.1960	−0.550%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2052	−0.135%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0058%	4h	2.2060	−0.097%	$7.8M	$49.2M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2056	−0.114%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2074	−0.033%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2074	−0.032%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2025	−0.255%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0073%	8h	2.2068	−0.059%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.2060	−0.097%	$4K	$239K	10x	as long as short
SoDEX TRUMP-USD	+0.0091%	1h	2.2065	−0.074%	$78	$6K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2057	−0.110%	$981K	$790K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2070	−0.051%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2077	−0.021%	$437K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2055	−0.118%	$190K	$57K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.2050	−0.142%	$64.1M	$236.0M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2050	−0.142%	$31.6M	$48.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2050	−0.142%	$29.0M	$170.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2060	−0.097%	$439K	$146K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2080	−0.006%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2060	−0.097%	$15.8M	$24.3M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.2081	long leg	$696K	$448K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2046	−0.158%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2090	+0.039%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2090	+0.039%	$552K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2059	−0.101%	$76K	$597K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2060	−0.097%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2077	−0.018%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0301%	1h	2.2073	−0.038%	$258K	$319K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0511%	1h	2.2087	+0.024%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.492%	$288K	$307K	50x	as long as short