Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h −0.099%

Price spread now: edgeX against Coinbase International+0.023%77s7-day average −0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as 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−$620.620% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.023%, 7d avg −0.084%

Together, before fees−0.276%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.107% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.084%. Mind the row above: over the last 7 days funding on this pair cost −0.278%, so the current rate has only just turned in your favour. The two prices were read 77 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	Coinbase International TRUMP-PERP-INTX	2.1520	−0.0240	get 0.0030% / 1h	15m 46s	$133K	$516K	50x
Short	edgeX TRUMPUSDC	2.1525	−0.0149	pay 0.0074% / 4h	2h 15m	$105K	$254K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $19.21
Price spread: +0.023% → −0.084%: $10.74
Slippage, 4 orders: −$42.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$32.04
Costs to cover: 0.620%
Break-even: 18.7 days

Slippage from Coinbase International: live order book, 35 min ago; edgeX: 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, 35 min ago	6.99 bp	12.0 bp −$12	18.6 bp −$186	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	9.32 bp	17.0 bp −$17	43.1 bp −$431	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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	−0.1841%	1h	2.1600	+0.372%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0368%	4h	2.1560	+0.188%	$669K	$403K	—	as long as short
Bybit TRUMPUSDT	−0.0336%	4h	2.1560	+0.186%	$31.4M	$49.4M	50x	as long as short
SoDEX TRUMP-USD	−0.0328%	1h	2.1565	+0.209%	$67	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0328%	4h	2.1540	+0.093%	$27.3M	$177.0M	50x	as long as short
Binance TRUMPUSDT	−0.0299%	4h	2.1555	+0.162%	$63.3M	$241.5M	75x	as long as short
Extended TRUMP-USD	−0.0296%	1h	2.1548	+0.132%	$74K	$494K	25x	as long as short
Lighter TRUMP	−0.0264%	1h	2.1551	+0.144%	$932K	$979K	10x	as long as short
Gate TRUMP_USDT	−0.0250%	4h	2.1560	+0.186%	$7.8M	$48.5M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1570	+0.235%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTXlong	−0.0240%	1h	2.1520	long leg	$133K	$516K	50x
Paradex TRUMP-USD-PERP	−0.0213%	8h	2.1553	+0.153%	$5K	$175	5x	as long as short
edgeX TRUMPUSDCshort	−0.0149%	4h	2.1525	+0.023%	$105K	$254K	20x
Deribit TRUMP_USDC-PERPETUAL	−0.0121%	1h	2.1570	+0.232%	$387K	$78K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0118%	4h	2.1560	+0.186%	$4.2M	$10.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0094%	4h	2.1540	+0.093%	$393K	$151K	125x	as long as short
Orderly PERP_TRUMP_USDC	−0.0077%	4h	2.1550	+0.139%	$5K	$311K	10x	as long as short
BloFin TRUMP-USDT	−0.0057%	4h	2.1570	+0.232%	$4.3M	$681K	75x	as long as short
Bitget TRUMPUSDT	−0.0020%	4h	2.1570	+0.232%	$15.4M	$25.6M	75x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1576	+0.259%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1550	+0.139%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1584	+0.297%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1590	+0.327%	$1.3M	$2.1M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0028%	4h	2.1537	+0.077%	$178K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1580	+0.279%	$13.7M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1580	+0.279%	$407K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1565	+0.209%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1590	+0.325%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1590	+0.325%	$497K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1570	+0.232%	$94K	$248K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0188% / S −0.0182%	1h	2.1578	+0.271%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0226%	1h	2.1601	+0.376%	$386K	$402K	10x	as long as short