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: OKX against Variational Omni−0.018%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 OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.018%, 7d avg +0.002%

Together, before fees+0.121%+ Points / potential airdropVariational Omni: Active · farm board+$12 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: OKX is 0.021% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 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	2.1864	0.0100	pay 0.0050% / 4h	2h 10m	$682K	$261K	—
Short	OKX TRUMP-USDT-SWAP	2.1860	0.0100	get 0.0050% / 4h	2h 10m	$26.7M	$147.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → +0.002%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$12.08
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 13 min ago; OKX: 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, 13 min ago	5.01 bp	doesn't fit	22.5 bp −$225	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.29 bp	12.0 bp −$12	23.4 bp −$234	72.1 bp −$7,206	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	−0.1787%	1h	2.1730	−0.613%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1854	−0.046%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1878	+0.065%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0116%	1h	2.1860	−0.018%	$410K	$79K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1848	−0.072%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1860	−0.020%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1873	+0.039%	$119K	$248K	20x	as long as short
Lighter TRUMP	+0.0056%	1h	2.1845	−0.087%	$972K	$662K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0081%	8h	2.1838	−0.118%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1850	−0.064%	$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
Hyperliquid TRUMP	+0.0100%	1h	2.1877	+0.059%	$14.1M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1871	+0.031%	$458K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1847	−0.078%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1870	+0.027%	$62.3M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1870	+0.027%	$30.6M	$42.3M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1860	−0.018%	$26.7M	$147.7M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.1870	+0.027%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	+0.027%	$480K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	+0.073%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1870	+0.027%	$15.5M	$20.4M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.1864	long leg	$682K	$261K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1843	−0.095%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	−0.018%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1855	−0.041%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1880	+0.073%	$515K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1857	−0.031%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1845	−0.087%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0171%	1h	2.1879	+0.069%	$259K	$264K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1861	−0.012%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	−0.018%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.064%	$4.2M	$503K	75x	as long as short