Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.089%

Price spread now: Paradex against Coinbase International+0.856%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.856% dearer against Coinbase International than usual: you sell high and buy low (spread +0.856% now, against zero (this spread has no 7-day history yet)): +$86 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1330	0.0056	pay 0.0007% / 1h	5m 52s	$167K	$479K	50x
Short	Paradex TRUMP-USD-PERP	2.1513	−0.0111	pay 0.0111% / 8h	5m 52s	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.856%Rate

Funding earned: −$35.15
Price spread: +0.856% → 0.000%: $85.61
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $36.45
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 32 min ago; Paradex: 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 Coinbase International live order book, 32 min ago	7.01 bp	12.0 bp −$12	24.4 bp −$244	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1797%	1h	2.1410	+0.375%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0374%	1h	2.1485	+0.727%	$76	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	+0.713%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1477	+0.690%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0215%	1h	2.1501	+0.802%	$405K	$65K	10x	as long as short
Bybit TRUMPUSDT	−0.0202%	4h	2.1490	+0.750%	$30.5M	$52.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0195%	4h	2.1490	+0.750%	$26.8M	$183.9M	50x	as long as short
Binance TRUMPUSDT	−0.0194%	4h	2.1500	+0.797%	$60.8M	$249.4M	75x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1490	+0.749%	$74K	$496K	25x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1484	+0.722%	$939K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERPshort	−0.0111%	8h	2.1513	+0.856%	$5K	$175	5x
Gate TRUMP_USDT	−0.0102%	4h	2.1510	+0.844%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1479	+0.701%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0074%	4h	2.1500	+0.797%	$5K	$282K	10x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1531	+0.942%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1512	+0.853%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0016%	4h	2.1490	+0.750%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1473	+0.670%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0051%	4h	2.1510	+0.844%	$4.1M	$689K	75x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0056%	1h	2.1330	long leg	$167K	$479K	50x
Bitget TRUMPUSDT	+0.0074%	4h	2.1500	+0.797%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1521	+0.894%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1515	+0.869%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1531	+0.942%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	+0.797%	$400K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1497	+0.782%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.844%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.797%	$494K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1501	+0.801%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0301%	1h	2.1517	+0.877%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1512	+0.851%	$1.3M	$2.3M	50x	as long as short