Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.011%

Price spread now: OKX against Aevo−0.023%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and OKX is 0.023% cheaper against Aevo than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.1535	0.0008	pay 0.0001% / 1h	13m 18s	$19K	—	3x
Short	OKX TRUMP-USDT-SWAP	2.1530	−0.0328	pay 0.0164% / 4h	2h 13m	$27.3M	$176.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aevo. 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 AevobpFee OKXbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$70.64
Price spread: −0.023% → 0.000%: −$2.32
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$98.96
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: 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 Aevo no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	2.32 bp	7.3 bp −$7	11.5 bp −$115	32.4 bp −$3,242	doesn't fit

Aevo: 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 32 exchanges

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	−0.1841%	1h	2.1600	+0.302%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0368%	4h	2.1560	+0.118%	$669K	$403K	—	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0328%	4h	2.1530	−0.023%	$27.3M	$176.6M	50x
SoDEX TRUMP-USD	−0.0326%	1h	2.1537	+0.009%	$67	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0304%	4h	2.1540	+0.023%	$31.4M	$49.4M	50x	as long as short
Extended TRUMP-USD	−0.0304%	1h	2.1528	−0.031%	$74K	$494K	25x	as long as short
Binance TRUMPUSDT	−0.0301%	4h	2.1535	+0.002%	$63.2M	$240.8M	75x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1532	−0.014%	$930K	$980K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1530	−0.021%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0244%	4h	2.1540	+0.023%	$7.8M	$48.6M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.070%	$132K	$517K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0207%	8h	2.1539	+0.019%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0167%	1h	2.1549	+0.065%	$387K	$78K	10x	as long as short
edgeX TRUMPUSDC	−0.0149%	4h	2.1555	+0.095%	$105K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0122%	4h	2.1540	+0.023%	$4.2M	$10.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0098%	4h	2.1510	−0.116%	$392K	$151K	125x	as long as short
Orderly PERP_TRUMP_USDC	−0.0077%	4h	2.1540	+0.023%	$5K	$311K	10x	as long as short
BloFin TRUMP-USDT	−0.0061%	4h	2.1560	+0.116%	$4.3M	$680K	75x	as long as short
Bitget TRUMPUSDT	−0.0022%	4h	2.1560	+0.116%	$15.4M	$25.6M	75x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1555	+0.095%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERPlong	+0.0008%	1h	2.1535	long leg	$19K	—	3x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1553	+0.086%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1566	+0.143%	$1.3M	$2.1M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0030%	4h	2.1560	+0.116%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1556	+0.098%	$13.7M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1551	+0.073%	$406K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1548	+0.060%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1560	+0.116%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1560	+0.116%	$496K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1560	+0.116%	$98K	$256K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0188% / S −0.0182%	1h	2.1578	+0.201%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0226%	1h	2.1577	+0.195%	$385K	$402K	10x	as long as short