Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Aevo+0.671%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.671% dearer against Aevo than usual: you sell high and buy low, +$67 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.1685	0.0104	pay 0.0013% / 1h	26m 57s	$19K	—	3x
Short	Variational Omni TRUMP	2.1831	0.0100	get 0.0050% / 4h	1h 26m	$685K	$453K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.671%Rate

Funding earned: −$0.84
Price spread: +0.671% → 0.000%: $67.11
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $50.27
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 37 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 Variational Omni RFQ quote, 37 min ago	4.98 bp	doesn't fit	14.2 bp −$142	doesn't fit	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 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	−0.300%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1696	+0.050%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0070%	4h	2.1710	+0.115%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMP	−0.0040%	1h	2.1687	+0.009%	$965K	$795K	10x	as long as short
SoDEX TRUMP-USD	−0.0002%	1h	2.1695	+0.046%	$83	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1745	+0.279%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1705	+0.092%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	+0.135%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1698	+0.058%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0050%	4h	2.1710	+0.115%	$31.0M	$48.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1802	+0.539%	$106K	$262K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0074%	4h	2.1700	+0.069%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1742	+0.263%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1729	+0.201%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1728	+0.197%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1720	+0.161%	$62.8M	$237.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1710	+0.115%	$27.4M	$170.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1710	+0.115%	$416K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1740	+0.254%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1730	+0.208%	$15.5M	$25.1M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1732	+0.217%	$254K	$319K	10x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1831	+0.671%	$685K	$453K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1750	+0.301%	$177K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1730	+0.208%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1740	+0.254%	$532K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1714	+0.135%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERPlong	+0.0104%	1h	2.1685	long leg	$19K	—	3x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1708	+0.105%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1728	+0.197%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	+0.069%	$4.2M	$655K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.161%	$280K	$297K	50x	as long as short