Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against Variational Omni−0.142%7-day average −0.044% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.325%+$32 · spread now −0.142%, 7d avg −0.044%

Together, before fees+0.323%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$32 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: Extended is 0.099% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1862	0.0100	pay 0.0050% / 4h	3h 58m	$638K	$377K	—
Short	Extended TRUMP-USD	2.1831	0.0104	get 0.0013% / 1h	58m 05s	$75K	$463K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0.84
Price spread: −0.142% → −0.044%: −$9.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.02
Costs to cover: 0.050%
Break-even: 123.8 days

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; Extended: live order book, 15 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, 16 min ago	5.02 bp	doesn't fit	15.1 bp −$151	doesn't fit	doesn't fit
Sell Extended live order book, 15 min ago	6.88 bp	9.9 bp −$10	32.8 bp −$328	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	−0.1608%	1h	2.1760	−0.467%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1822	−0.183%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1817	−0.207%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1842	−0.092%	$410K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1846	−0.072%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1867	+0.021%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1830	−0.147%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1841	−0.096%	$979K	$705K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1823	−0.179%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1850	−0.055%	$455K	$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	2.1826	−0.163%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1841	−0.097%	$62.8M	$227.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	−0.101%	$30.6M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	−0.101%	$27.1M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1840	−0.101%	$7.4M	$46.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	−0.101%	$473K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	−0.055%	$4.2M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	−0.055%	$15.5M	$21.9M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.1862	long leg	$638K	$377K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1888	+0.120%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1850	−0.055%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	−0.124%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.036%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.1831	−0.142%	$75K	$463K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1840	−0.101%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0121%	1h	2.1867	+0.023%	$14.2M	$7.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1848	−0.064%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	+0.036%	$4.2M	$632K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0350%	1h	2.1866	+0.018%	$256K	$284K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+0.905%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0788%	1h	2.1868	+0.025%	$1.3M	$2.5M	50x	as long as short