Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%

Price spread now: Aster against Deribit−0.091%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$700.698% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.091%, 7d avg −0.013%

Together, before fees+0.303%+ Points / potential airdropAster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.079% cheaper against Deribit than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.013%). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1899	0	get 0.0000% / 1h	16m 43s	$412K	$80K	10x
Short	Aster TRUMPUSDT	2.1879	0.0100	get 0.0050% / 4h	2h 16m	$433K	$859K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.091%Rate

Funding earned: $21
Price spread: −0.091% → −0.013%: −$7.87
Slippage, 4 orders: −$54.77
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.64
Costs to cover: 0.698%
Break-even: 25.9 days

Slippage from Deribit: live order book, 52 min ago; Aster: live order book, 51 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 Deribit live order book, 52 min ago	8.90 bp	26.9 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 51 min ago	4.45 bp	9.7 bp −$10	22.7 bp −$227	doesn't fit	doesn't fit

TRUMP on 30 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	−0.1623%	1h	2.1890	−0.041%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1871	−0.128%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1860	−0.178%	$7.7M	$49.4M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1896	−0.014%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	0.0000%	1h	2.1899	long leg	$412K	$80K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1894	−0.023%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1945	+0.210%	$107K	$263K	20x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1848	−0.233%	$972K	$792K	10x	as long as short
SoDEX TRUMP-USD	+0.0065%	1h	2.1895	−0.018%	$77	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0071%	8h	2.1958	+0.267%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1890	−0.041%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1910	+0.050%	$14.2M	$7.2M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1879	−0.091%	$433K	$859K	20x
Pacifica TRUMP	+0.0100%	1h	2.1959	+0.272%	$189K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1863	−0.164%	$63.6M	$236.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1860	−0.178%	$31.4M	$48.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1850	−0.224%	$28.6M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	−0.269%	$434K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	−0.132%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	−0.041%	$15.6M	$24.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1951	+0.237%	$691K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1996	+0.445%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1930	+0.142%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1940	+0.187%	$556K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1859	−0.181%	$75K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1890	−0.041%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1898	−0.004%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0273%	1h	2.1910	+0.050%	$256K	$320K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0515%	1h	2.1925	+0.117%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2020	+0.553%	$286K	$305K	50x	as long as short