Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h 0.000%

Price spread now: Aevo against Bybit+0.141%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aevo is 0.141% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1250	−0.0352	get 0.0176% / 4h	2h 25m	$30.0M	$51.6M	50x
Short	Aevo TRUMP-PERP	2.1280	0.0016	get 0.0002% / 1h	25m 12s	$18K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.141%Rate

Funding earned: $77.24
Price spread: +0.141% → 0.000%: $14.12
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: $64.36
Costs to cover: 0.270%
Break-even: 1.2 days

Slippage unknown: Bybit: live order book, 4 min ago; Aevo: 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 Bybit live order book, 4 min ago	2.36 bp	9.6 bp −$10	18.2 bp −$182	107.5 bp −$10.8K	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.1827%	1h	2.1090	−0.753%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1269	+0.089%	$940K	$999K	10x	as long as short
SoDEX TRUMP-USD	−0.0419%	1h	2.1277	+0.127%	$84	$6K	5x	as long as short
Bybit TRUMPUSDTlong	−0.0352%	4h	2.1250	long leg	$30.0M	$51.6M	50x
Binance TRUMPUSDT	−0.0274%	4h	2.1266	+0.074%	$59.9M	$250.2M	75x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1269	+0.090%	$77K	$745K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1277	+0.125%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0223%	8h	2.1292	+0.196%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0202%	4h	2.1212	−0.181%	$654K	$426K	—	as long as short
Gate TRUMP_USDT	−0.0172%	4h	2.1280	+0.141%	$7.6M	$53.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0135%	4h	2.1178	−0.338%	$103K	$263K	20x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0079%	1h	2.1293	+0.202%	$401K	$72K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0070%	4h	2.1230	−0.094%	$26.6M	$179.7M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0047%	4h	2.1270	+0.094%	$5K	$223K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1215	−0.164%	$175K	$4.7M	10x	as long as short
BloFin TRUMP-USDT	−0.0034%	4h	2.1280	+0.141%	$4.1M	$686K	75x	as long as short
dYdX TRUMP-USD	−0.0020%	1h	2.1286	+0.171%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1298	+0.226%	$40K	—	150x	as long as short
Aevo TRUMP-PERPshort	+0.0016%	1h	2.1280	+0.141%	$18K	—	3x
Hyperliquid TRUMP	+0.0100%	1h	2.1290	+0.188%	$13.4M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1278	+0.133%	$400K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1273	+0.108%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1270	+0.094%	$396K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1280	+0.141%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1300	+0.235%	$15.2M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1310	+0.282%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1320	+0.329%	$478K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1306	+0.263%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0161%	1h	2.1244	−0.028%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1302	+0.244%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1210	−0.188%	$241K	$341K	50x	as long as short