Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0135%/8h= −14.7% APRpaid last 24h +0.076%

Price spread now: BloFin against dYdX−0.020%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRUMP-USD	2.1434	0	get 0.0000% / 1h	54m 55s	$25K	$3K	5x
Short	BloFin TRUMP-USDT	2.1430	−0.0135	pay 0.0067% / 4h	54m 55s	$4.3M	$658K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$28.25
Price spread: −0.020% → 0.000%: −$1.97
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$52.22
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 2 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	7.00 bp	13.0 bp −$13	15.9 bp −$159	25.7 bp −$2,571	87.4 bp −$43.7K

dYdX: 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 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
SoDEX TRUMP-USD	−0.0424%	1h	2.1420	−0.066%	$80	$6K	5x	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1398	−0.171%	$74K	$483K	25x	as long as short
Binance TRUMPUSDT	−0.0375%	4h	2.1404	−0.139%	$62.6M	$236.5M	75x	as long as short
Variational Omni TRUMP	−0.0374%	4h	2.1409	−0.116%	$666K	$399K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0324%	4h	2.1410	−0.113%	$27.1M	$172.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1410	−0.113%	$128K	$521K	50x	as long as short
Bybit TRUMPUSDT	−0.0306%	4h	2.1410	−0.113%	$31.1M	$48.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0262%	4h	2.1400	−0.160%	$387K	$142K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1409	−0.116%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0216%	4h	2.1410	−0.113%	$7.7M	$46.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TRUMPUSDTM	−0.0210%	4h	2.1410	−0.113%	$4.3M	$10.1M	50x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1435	+0.004%	$105K	$252K	20x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1417	−0.080%	$916K	$928K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0170%	1h	2.1430	−0.020%	$385K	$79K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0161%	8h	2.1426	−0.040%	$5K	$175	5x	as long as short
BloFin TRUMP-USDTshort	−0.0135%	4h	2.1430	−0.020%	$4.3M	$658K	75x
Orderly PERP_TRUMP_USDC	−0.0091%	4h	2.1420	−0.066%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0030%	4h	2.1420	−0.066%	$15.5M	$24.7M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1410	−0.113%	$19K	—	3x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.1434	long leg	$25K	$3K	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1433	−0.008%	$40K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0016%	4h	2.1450	+0.074%	$180K	$4.0M	10x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.393%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1413	−0.099%	$13.6M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1416	−0.086%	$404K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1438	+0.018%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.120%	$1K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.074%	$487K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1430	−0.020%	$267K	$593K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0218%	1h	2.1429	−0.023%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0249%	1h	2.1449	+0.069%	$383K	$391K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0326%	1h	2.1460	+0.119%	$1.4M	$2.1M	50x	as long as short