Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.060%

Price spread now: Pacifica against BloFin+0.372%94s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.514% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.372%, 7d avg +0.020%

Together, before fees−0.483%+ Points / potential airdropPacifica: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.351% dearer against BloFin than usual: you sell high and buy low (spread +0.372% now, against its 7-day average of +0.020%): +$35 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 days. At the pace of the last 7 days (−0.197% in total) that is about 13 days. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.1640	0.0127	pay 0.0063% / 4h	3h 17m	$4.2M	$662K	75x
Short	Pacifica TRUMP	2.1720	0.0100	get 0.0013% / 1h	17m 23s	$187K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee PacificabpOrdersPrice spread, now +0.372%Rate

Funding earned: −$5.62
Price spread: +0.372% → +0.020%: $35.14
Slippage, 4 orders: −$31.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$21.85
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Pacifica: live order book, 35 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 BloFin live order book, 6 min ago	4.62 bp	10.6 bp −$11	18.0 bp −$180	38.5 bp −$3,853	139.5 bp −$69.8K
Sell Pacifica live order book, 35 min ago	5.04 bp	18.7 bp −$19	doesn't fit	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	−0.1765%	1h	2.1560	−0.370%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0317%	1h	2.1665	+0.116%	$88	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0276%	8h	2.1702	+0.287%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1684	+0.203%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0150%	4h	2.1700	+0.277%	$7.9M	$52.0M	75x	as long as short
Binance TRUMPUSDT	−0.0115%	4h	2.1700	+0.277%	$61.3M	$245.9M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1689	+0.226%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0089%	4h	2.1700	+0.277%	$30.8M	$50.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0073%	1h	2.1684	+0.203%	$408K	$72K	10x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	+0.126%	$106K	$264K	20x	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	−0.0023%	4h	2.1681	+0.190%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1710	+0.323%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	+0.343%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0011%	4h	2.1690	+0.231%	$4K	$189K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	+0.092%	$177K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0032%	1h	2.1698	+0.268%	$958K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1655	+0.069%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1704	+0.294%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1704	+0.294%	$408K	$834K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1720	+0.372%	$187K	$52K	10x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1700	+0.277%	$27.7M	$179.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1680	+0.185%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1690	+0.231%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1710	+0.323%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1670	+0.139%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1660	+0.092%	$494K	$2.3M	50x	as long as short
BloFin TRUMP-USDTlong	+0.0127%	4h	2.1640	long leg	$4.2M	$662K	75x
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1710	+0.323%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1704	+0.298%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0196%	1h	2.1709	+0.319%	$341K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1670	+0.139%	$280K	$277K	50x	as long as short