Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Variational Omni−0.181%7-day average +0.018% · you buy dearer than you sell

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.396%+$40 · spread now −0.181%, 7d avg +0.018%

Together, before fees+0.510%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$51 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: Pacifica is 0.199% cheaper against Variational Omni than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1962	0.0100	pay 0.0050% / 4h	1h 38m	$685K	$261K	—
Short	Pacifica TRUMP	2.1923	0.0100	get 0.0013% / 1h	38m 15s	$189K	$59K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.181%Rate

Funding earned: $0
Price spread: −0.181% → +0.018%: −$19.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$27.88
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 46 min ago; Pacifica: live order book, 45 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, 46 min ago	5.01 bp	doesn't fit	22.5 bp −$225	doesn't fit	doesn't fit
Sell Pacifica live order book, 45 min ago	7.08 bp	16.0 bp −$16	doesn't fit	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	−0.694%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1932	−0.137%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1938	−0.111%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1930	−0.148%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1928	−0.155%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1957	−0.026%	$119K	$247K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1930	−0.148%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0090%	8h	2.1931	−0.143%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1888	−0.339%	$974K	$671K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1951	−0.053%	$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 TRUMPUSDT	+0.0100%	4h	2.1929	−0.152%	$457K	$832K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1923	−0.181%	$189K	$59K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1903	−0.272%	$62.5M	$217.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	−0.284%	$30.7M	$42.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	−0.330%	$26.8M	$149.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1930	−0.148%	$7.4M	$47.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	−0.284%	$481K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	−0.239%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	−0.284%	$15.6M	$20.7M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.1962	long leg	$685K	$261K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1949	−0.059%	$189K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1950	−0.057%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1900	−0.284%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1940	−0.102%	$526K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1921	−0.189%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1891	−0.326%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1924	−0.175%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0325%	1h	2.1919	−0.198%	$260K	$269K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1930	−0.148%	$4.2M	$516K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.467%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1928	−0.156%	$1.3M	$2.5M	50x	as long as short