Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.087%

Price spread now: Coinbase International against Aster+0.237%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.580%−$58 · spread now +0.237%, 7d avg +0.068%

Together, before fees−0.370%+ Points / potential airdropAster: Stage 5 · farm board−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.169% dearer against Aster than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1519	0.0100	pay 0.0050% / 4h	1h 04m	$425K	$830K	20x
Short	Coinbase International TRUMP-PERP-INTX	2.1570	0.0504	get 0.0063% / 1h	4m 07s	$280K	$284K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.237%Rate

Funding earned: $84.84
Price spread: +0.237% → +0.068%: $16.91
Slippage, 4 orders: −$48.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $35.53
Costs to cover: 0.662%
Break-even: 4.1 days

Slippage from Aster: live order book, 59 min ago; Coinbase International: live order book, 59 min ago.

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 Aster live order book, 59 min ago	4.55 bp	9.9 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit
Sell Coinbase International live order book, 59 min ago	15.93 bp	25.4 bp −$25	29.9 bp −$299	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	−0.1659%	1h	2.1490	−0.134%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1501	−0.082%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0088%	1h	2.1555	+0.168%	$85	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0042%	4h	2.1570	+0.237%	$7.6M	$50.4M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1553	+0.158%	$952K	$933K	10x	as long as short
Bybit TRUMPUSDT	−0.0004%	4h	2.1560	+0.191%	$30.7M	$49.0M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1566	+0.217%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1555	+0.168%	$406K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1545	+0.120%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0023%	8h	2.1553	+0.160%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0044%	4h	2.1581	+0.287%	$661K	$475K	—	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1647	+0.595%	$106K	$264K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0067%	4h	2.1540	+0.098%	$4K	$233K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1586	+0.312%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1519	long leg	$425K	$830K	20x
Pacifica TRUMP	+0.0100%	1h	2.1566	+0.221%	$186K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1560	+0.191%	$62.4M	$239.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1560	+0.191%	$27.2M	$171.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	+0.144%	$413K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1560	+0.191%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1560	+0.191%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1577	+0.270%	$256K	$320K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1690	+0.795%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.284%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1560	+0.191%	$526K	$2.1M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1535	+0.073%	$74K	$747K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1545	+0.121%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1544	+0.116%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0291%	1h	2.1594	+0.349%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1570	+0.237%	$4.3M	$662K	75x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0504%	1h	2.1570	+0.237%	$280K	$284K	50x