Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bitget+0.221%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.221%, 7d avg +0.025%

Together, before fees−0.179%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.196% dearer against Bitget than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.2140	0.0100	pay 0.0050% / 4h	2h 41m	$15.8M	$23.9M	75x
Short	Aster TRUMPUSDT	2.2189	0.0100	get 0.0050% / 4h	2h 41m	$439K	$860K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.221%Rate

Funding earned: $0
Price spread: +0.221% → +0.025%: $19.6
Slippage, 4 orders: −$24.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.67
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Aster: live order book, 26 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 Bitget live order book, 2 min ago	4.49 bp	14.3 bp −$14	21.3 bp −$213	57.1 bp −$5,707	doesn't fit
Sell Aster live order book, 26 min ago	4.45 bp	9.7 bp −$10	22.7 bp −$227	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	−0.1623%	1h	2.2170	+0.136%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2192	+0.233%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2120	−0.090%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2171	+0.140%	$417K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2173	+0.150%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2219	+0.359%	$108K	$263K	20x	as long as short
Gate TRUMP_USDT	+0.0056%	4h	2.2140	0.000%	$7.8M	$48.5M	75x	as long as short
Lighter TRUMP	+0.0072%	1h	2.2117	−0.104%	$983K	$788K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2144	+0.017%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2160	+0.090%	$3K	$237K	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	2.2206	+0.298%	$14.9M	$6.9M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.2189	+0.221%	$439K	$860K	20x
Pacifica TRUMP	+0.0100%	1h	2.2136	−0.020%	$191K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2130	−0.043%	$64.2M	$234.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2150	+0.045%	$31.7M	$47.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2150	+0.045%	$28.9M	$169.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2120	−0.090%	$441K	$144K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2180	+0.181%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.2140	long leg	$15.8M	$23.9M	75x
Variational Omni TRUMP	+0.0100%	4h	2.2152	+0.052%	$699K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.226%	$192K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2180	+0.181%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2165	+0.113%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2230	+0.407%	$577K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2140	−0.002%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2160	+0.090%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2166	+0.118%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0328%	1h	2.2213	+0.330%	$260K	$319K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.407%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0509%	1h	2.2190	+0.227%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	−0.181%	$286K	$307K	50x	as long as short