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 0.000%

Price spread now: GRVT against Variational Omni−0.096%7-day average −0.002% · you buy dearer than you sell

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.108%+$11 on $10k

Price spread, last 7 days+0.137%+$14 · spread now −0.096%, 7d avg −0.002%

Together, before fees+0.245%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$24 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: GRVT is 0.094% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1731	0.0100	pay 0.0050% / 4h	1h 34m	$681K	$453K	—
Short	GRVT TRUMP_USDT_Perp	2.1710	0.0100	get 0.0050% / 4h	1h 34m	$182K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.002%: −$9.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$18.37
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; GRVT: live order book, 4 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, 29 min ago	4.98 bp	doesn't fit	16.7 bp −$167	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	4.61 bp	15.4 bp −$15	47.0 bp −$470	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	−0.1659%	1h	2.1620	−0.510%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1771	+0.186%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1780	+0.227%	$7.6M	$49.7M	75x	as long as short
Lighter TRUMP	−0.0040%	1h	2.1782	+0.236%	$970K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1735	+0.019%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1795	+0.296%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1784	+0.245%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0034%	1h	2.1785	+0.250%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0038%	8h	2.1743	+0.056%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1674	−0.261%	$105K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0077%	4h	2.1780	+0.227%	$4K	$239K	10x	as long as short
Bybit TRUMPUSDT	+0.0082%	4h	2.1790	+0.273%	$31.1M	$48.3M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1810	+0.365%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1796	+0.298%	$431K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1729	−0.008%	$187K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1790	+0.275%	$63.1M	$236.9M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	+0.273%	$27.5M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1780	+0.227%	$427K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1800	+0.319%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	+0.319%	$15.6M	$25.0M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.1731	long leg	$681K	$453K	—
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1710	−0.096%	$182K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.457%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1840	+0.503%	$534K	$2.0M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0102%	1h	2.1816	+0.392%	$255K	$318K	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1779	+0.222%	$115K	$702K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1772	+0.191%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1787	+0.258%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1820	+0.412%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	+0.135%	$4.3M	$658K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.372%	$280K	$297K	50x	as long as short