Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.012%

Price spread now: dYdX against Binance−0.197%7-day average — · you buy dearer than you sell

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. dYdX is 0.197% cheaper against Binance than usual: you would sell low and buy high (spread −0.197% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.8 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1500	−0.0250	get 0.0125% / 4h	2h 54m	$63.0M	$245.0M	75x
Short	dYdX TRUMP-USD	2.1458	−0.0018	pay 0.0002% / 1h	54m 21s	$26K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.197%Rate

Funding earned: $48.68
Price spread: −0.197% → 0.000%: −$19.67
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $9.01
Costs to cover: 0.200%
Break-even: 5.7 days

Slippage unknown: Binance: live order book, 4 min ago; dYdX: 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 Binance live order book, 4 min ago	2.31 bp	7.3 bp −$7	10.9 bp −$109	47.0 bp −$4,698	428.1 bp −$214.0K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 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	−0.1841%	1h	2.1600	+0.465%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0357%	1h	2.1515	+0.070%	$67	$6K	5x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1661	+0.748%	$672K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0311%	4h	2.1490	−0.047%	$31.1M	$50.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0307%	1h	2.1540	+0.186%	$387K	$73K	10x	as long as short
Lighter TRUMP	−0.0296%	1h	2.1440	−0.279%	$932K	$968K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0256%	4h	2.1480	−0.093%	$27.1M	$180.0M	50x	as long as short
Binance TRUMPUSDTlong	−0.0250%	4h	2.1500	long leg	$63.0M	$245.0M	75x
Extended TRUMP-USD	−0.0248%	1h	2.1459	−0.193%	$76K	$492K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1481	−0.090%	$5	—	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1540	+0.186%	$140K	$511K	50x	as long as short
Gate TRUMP_USDT	−0.0200%	4h	2.1490	−0.047%	$7.7M	$47.7M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0150%	8h	2.1449	−0.237%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0122%	4h	2.1662	+0.754%	$106K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0077%	4h	2.1500	0.000%	$5K	$324K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0062%	4h	2.1480	−0.093%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USDshort	−0.0018%	1h	2.1458	−0.197%	$26K	$2K	5x
Bitget TRUMPUSDT	−0.0008%	4h	2.1500	0.000%	$15.2M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	−0.0006%	4h	2.1500	0.000%	$4.3M	$681K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+1.227%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1556	+0.262%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1520	+0.093%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0042%	4h	2.1480	−0.093%	$398K	$147K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0096%	4h	2.1689	+0.881%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1511	+0.051%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1500	0.000%	$408K	$657K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1455	−0.208%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.233%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	+0.093%	$498K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1520	+0.093%	$2K	$41K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0155%	1h	2.1527	+0.126%	$387K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1545	+0.212%	$10K	—	100x	as long as short