Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.005%

Price spread now: Extended against Bybit−0.050%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.050%, 7d avg −0.041%

Together, before fees−0.134%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1420	−0.0269	get 0.0134% / 4h	2h 44m	$30.5M	$51.0M	50x
Short	Extended TRUMP-USD	2.1409	−0.0224	pay 0.0028% / 1h	44m 16s	$74K	$718K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.050%Rate

Funding earned: $9.39
Price spread: −0.050% → −0.041%: −$0.87
Slippage, 4 orders: −$19.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.9
Costs to cover: 0.354%
Break-even: 27.1 days

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 4 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 Bybit live order book, 5 min ago	2.32 bp	12.2 bp −$12	18.1 bp −$181	107.1 bp −$10.7K	doesn't fit
Sell Extended live order book, 4 min ago	4.66 bp	7.7 bp −$8	31.2 bp −$312	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	−0.1827%	1h	2.1350	−0.327%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0575%	1h	2.1400	−0.093%	$84	$6K	5x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1438	+0.084%	$948K	$994K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0450%	1h	2.1418	−0.009%	$403K	$72K	10x	as long as short
Bybit TRUMPUSDTlong	−0.0269%	4h	2.1420	long leg	$30.5M	$51.0M	50x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1422	+0.007%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0241%	8h	2.1419	−0.003%	$5K	$175	5x	as long as short
Binance TRUMPUSDT	−0.0227%	4h	2.1407	−0.060%	$60.4M	$247.0M	75x	as long as short
Extended TRUMP-USDshort	−0.0224%	1h	2.1409	−0.050%	$74K	$718K	25x
Gate TRUMP_USDT	−0.0146%	4h	2.1420	0.000%	$7.7M	$52.3M	75x	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	−0.0128%	4h	2.1441	+0.099%	$662K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0107%	4h	2.1475	+0.255%	$105K	$265K	20x	as long as short
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1468	+0.223%	$179K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0029%	4h	2.1430	+0.047%	$5K	$216K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0026%	4h	2.1410	−0.047%	$27.3M	$178.6M	50x	as long as short
dYdX TRUMP-USD	−0.0023%	1h	2.1446	+0.122%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1431	+0.051%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0013%	4h	2.1430	+0.047%	$4.2M	$644K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1405	−0.070%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1439	+0.089%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	0.000%	$403K	$802K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1448	+0.131%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	0.000%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1440	+0.093%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1420	0.000%	$15.4M	$26.4M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1420	0.000%	$487K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1430	+0.046%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1437	+0.079%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0277%	1h	2.1468	+0.224%	$380K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1480	+0.280%	$275K	$304K	50x	as long as short