Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0368%/8h= −40.3% APRpaid last 24h −0.004%

Price spread now: Paradex against Aster−0.137%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Paradex is 0.137% cheaper against Aster than usual: you would sell low and buy high (−$14 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	Aster TRUMPUSDT	2.1660	0.0100	pay 0.0050% / 4h	3h 14m	$408K	$834K	20x
Short	Paradex TRUMP-USD-PERP	2.1631	−0.0268	pay 0.0268% / 8h	3h 14m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$77.26
Price spread: −0.137% → 0.000%: −$13.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$102.91
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 38 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 Aster live order book, 38 min ago	4.58 bp	8.9 bp −$9	28.6 bp −$286	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	−0.1765%	1h	2.1570	−0.417%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0321%	1h	2.1640	−0.093%	$88	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0304%	1h	2.1653	−0.033%	$408K	$72K	10x	as long as short
Paradex TRUMP-USD-PERPshort	−0.0268%	8h	2.1631	−0.137%	$5K	$175	5x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1641	−0.086%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0130%	4h	2.1660	−0.001%	$7.9M	$52.1M	75x	as long as short
Binance TRUMPUSDT	−0.0121%	4h	2.1640	−0.093%	$61.2M	$246.1M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1639	−0.099%	$77K	$718K	25x	as long as short
edgeX TRUMPUSDC	−0.0057%	4h	2.1685	+0.113%	$106K	$265K	20x	as long as short
Bybit TRUMPUSDT	−0.0050%	4h	2.1650	−0.047%	$30.7M	$50.4M	50x	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	−0.0041%	4h	2.1651	−0.042%	$669K	$488K	—	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1666	+0.027%	$27K	$512	5x	as long as short
Lighter TRUMP	0.0000%	1h	2.1632	−0.130%	$956K	$976K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1654	−0.028%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0009%	4h	2.1650	−0.047%	$4K	$192K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0042%	4h	2.1666	+0.029%	$182K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1628	−0.150%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0097%	4h	2.1640	−0.093%	$27.6M	$179.1M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1663	+0.013%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1660	long leg	$408K	$834K	20x
Pacifica TRUMP	+0.0100%	1h	2.1662	+0.008%	$187K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1650	−0.047%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1650	−0.047%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1640	−0.093%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1670	+0.045%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1660	−0.001%	$494K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0124%	4h	2.1680	+0.091%	$4.2M	$663K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1659	−0.004%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1675	+0.068%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0193%	1h	2.1685	+0.114%	$384K	$399K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1680	+0.091%	$280K	$277K	50x	as long as short