Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.081%

Price spread now: Aster against Coinbase International−0.413%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 on $10k

Price spread, last 3 days (all we have)+0.438%+$44 · spread now −0.413%, 7d avg −0.046%

Together, before fees+0.244%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.367% cheaper against Coinbase International than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.2240	0.0424	pay 0.0053% / 1h	43m 40s	$287K	$399K	50x
Short	Aster TRUMPUSDT	2.2148	0.0100	get 0.0050% / 4h	43m 40s	$461K	$835K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.413%Rate

Funding earned: −$68.04
Price spread: −0.413% → −0.046%: −$36.65
Slippage, 4 orders: −$52.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$174.96
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 34 min ago; Aster: live order book, 34 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 Coinbase International live order book, 34 min ago	13.70 bp	27.4 bp −$27	31.1 bp −$311	doesn't fit	doesn't fit
Sell Aster live order book, 34 min ago	4.57 bp	9.9 bp −$10	21.8 bp −$218	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	−0.1537%	1h	2.2030	−0.944%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2152	−0.395%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2147	−0.419%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2154	−0.387%	$415K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2150	−0.405%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2151	−0.398%	$121K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2150	−0.405%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2120	−0.540%	$992K	$738K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2106	−0.604%	$5K	—	5x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.2148	−0.413%	$461K	$835K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2124	−0.521%	$190K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2120	−0.540%	$63.9M	$223.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2120	−0.540%	$31.2M	$44.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2120	−0.540%	$27.4M	$153.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2130	−0.495%	$7.5M	$48.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2110	−0.585%	$484K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2140	−0.450%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2110	−0.585%	$15.7M	$21.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2142	−0.440%	$650K	$373K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	−0.225%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2170	−0.315%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2150	−0.405%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2160	−0.360%	$567K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2106	−0.602%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2143	−0.436%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2150	−0.403%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2150	−0.405%	$4.2M	$639K	75x	as long as short
Hyperliquid TRUMP	+0.0349%	1h	2.2147	−0.418%	$14.3M	$7.5M	10x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0424%	1h	2.2240	long leg	$287K	$399K	50x
Backpack TRUMP_USDC_PERP	+0.0565%	1h	2.2168	−0.324%	$261K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0862%	1h	2.2179	−0.275%	$1.3M	$2.5M	50x	as long as short