Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.003%

Price spread now: Paradex against Variational Omni−0.230%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.230% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.230% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 9.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1501	−0.0107	get 0.0053% / 4h	1h 04m	$664K	$423K	—
Short	Paradex TRUMP-USD-PERP	2.1452	−0.0027	pay 0.0027% / 8h	1h 04m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.230%Rate

Funding earned: $16.75
Price spread: −0.230% → 0.000%: −$23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.25
Costs to cover: 0.040%
Break-even: 11.3 days

Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Paradex: no order-book sample. 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, 40 min ago	5.06 bp	doesn't fit	17.1 bp −$171	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1927%	1h	2.1400	−0.471%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1456	−0.210%	$404K	$81K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	−0.278%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1439	−0.290%	$74K	$521K	25x	as long as short
Binance TRUMPUSDT	−0.0160%	4h	2.1460	−0.192%	$60.7M	$250.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0111%	4h	2.1440	−0.285%	$26.6M	$184.3M	50x	as long as short
Variational Omni TRUMPlong	−0.0107%	4h	2.1501	long leg	$664K	$423K	—
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1478	−0.108%	$1.3M	$2.3M	50x	as long as short
SoDEX TRUMP-USD	−0.0094%	1h	2.1445	−0.262%	$82	$6K	5x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1467	−0.159%	$105K	$254K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0060%	4h	2.1460	−0.192%	$7.7M	$53.8M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1450	−0.238%	$5K	$260K	10x	as long as short
Paradex TRUMP-USD-PERPshort	−0.0027%	8h	2.1452	−0.230%	$5K	$175	5x
Bybit TRUMPUSDT	−0.0026%	4h	2.1460	−0.192%	$30.5M	$52.5M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1468	−0.154%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1464	−0.173%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1435	−0.308%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0080%	1h	2.1450	−0.238%	$938K	$1.0M	10x	as long as short
BloFin TRUMP-USDT	+0.0081%	4h	2.1470	−0.145%	$4.1M	$702K	75x	as long as short
KuCoin TRUMPUSDTM	+0.0090%	4h	2.1460	−0.192%	$4.2M	$11.0M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1473	−0.131%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1470	−0.145%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1468	−0.155%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1440	−0.285%	$399K	$151K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1460	−0.192%	$15.3M	$26.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1480	−0.099%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	−0.192%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1460	−0.192%	$482K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1462	−0.184%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	−0.285%	$187K	$442K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0427%	1h	2.1499	−0.010%	$380K	$415K	10x	as long as short