Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.001%

Price spread now: Paradex against Binance+0.018%7-day average — · you sell dearer than you buy

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

Long on Binance 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 airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1933	0.0100	pay 0.0050% / 4h	2h 56m	$63.2M	$232.1M	75x
Short	Paradex TRUMP-USD-PERP	2.1937	0.0080	get 0.0080% / 8h	6h 56m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$4.23
Price spread: +0.018% → 0.000%: $1.78
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.45
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 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 Binance live order book, 2 min ago	2.27 bp	9.9 bp −$10	16.4 bp −$164	44.3 bp −$4,425	254.8 bp −$127.4K
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	−0.1623%	1h	2.1960	+0.121%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1952	+0.082%	$5	—	10x	as long as short
Lighter TRUMP	−0.0008%	1h	2.1933	−0.002%	$974K	$779K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1966	+0.150%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1960	+0.121%	$413K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1955	+0.096%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2070	+0.621%	$107K	$262K	20x	as long as short
SoDEX TRUMP-USD	+0.0080%	1h	2.1955	+0.098%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0080%	8h	2.1937	+0.018%	$5K	$175	5x
Orderly PERP_TRUMP_USDC	+0.0091%	4h	2.1940	+0.030%	$3K	$247K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1988	+0.249%	$14.4M	$6.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1972	+0.176%	$435K	$863K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1952	+0.083%	$190K	$55K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.1933	long leg	$63.2M	$232.1M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1930	−0.016%	$31.1M	$47.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1940	+0.030%	$28.4M	$164.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1950	+0.075%	$7.8M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1960	+0.121%	$460K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1940	+0.030%	$4.1M	$10.9M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1960	+0.121%	$15.7M	$23.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1942	+0.037%	$693K	$446K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2070	+0.622%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1970	+0.167%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2000	+0.303%	$571K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1950	+0.074%	$78K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1945	+0.053%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0206%	1h	2.2006	+0.331%	$257K	$313K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.1959	+0.118%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2040	+0.486%	$4.3M	$675K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1964	+0.137%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.1950	+0.075%	$283K	$304K	50x	as long as short