Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0143%/8h= −15.6% APRpaid last 24h +0.005%

Price spread now: edgeX against dYdX−0.023%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.023% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRUMP-USD	2.1556	−0.0007	get 0.0001% / 1h	8m 50s	$26K	$3K	5x
Short	edgeX TRUMPUSDC	2.1551	−0.0150	pay 0.0075% / 4h	2h 08m	$105K	$253K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$30
Price spread: −0.023% → 0.000%: −$2.26
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$51.26
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; edgeX: live order book, 41 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 edgeX live order book, 41 min ago	9.32 bp	17.0 bp −$17	43.1 bp −$431	doesn't fit	doesn't fit

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
Injective TRUMP/USDC PERP	−0.1841%	1h	2.1600	+0.204%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0359%	4h	2.1550	−0.027%	$669K	$403K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0325%	4h	2.1550	−0.028%	$27.3M	$175.9M	50x	as long as short
Bybit TRUMPUSDT	−0.0322%	4h	2.1570	+0.065%	$31.4M	$49.2M	50x	as long as short
Extended TRUMP-USD	−0.0304%	1h	2.1558	+0.009%	$74K	$496K	25x	as long as short
SoDEX TRUMP-USD	−0.0303%	1h	2.1568	+0.056%	$67	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0300%	4h	2.1570	+0.065%	$63.4M	$240.0M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1570	+0.064%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.167%	$132K	$517K	50x	as long as short
Gate TRUMP_USDT	−0.0228%	4h	2.1560	+0.019%	$7.8M	$48.6M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0224%	1h	2.1564	+0.037%	$931K	$981K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0200%	8h	2.1557	+0.007%	$5K	$175	5x	as long as short
edgeX TRUMPUSDCshort	−0.0150%	4h	2.1551	−0.023%	$105K	$253K	20x
KuCoin TRUMPUSDTM	−0.0132%	4h	2.1570	+0.065%	$4.2M	$10.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0112%	4h	2.1560	+0.019%	$393K	$152K	125x	as long as short
Orderly PERP_TRUMP_USDC	−0.0076%	4h	2.1560	+0.019%	$5K	$309K	10x	as long as short
BloFin TRUMP-USDT	−0.0060%	4h	2.1550	−0.028%	$4.3M	$677K	75x	as long as short
Bitget TRUMPUSDT	−0.0018%	4h	2.1570	+0.065%	$15.4M	$25.6M	75x	as long as short
dYdX TRUMP-USDlong	−0.0007%	1h	2.1556	long leg	$26K	$3K	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1585	+0.135%	$387K	$78K	10x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1565	+0.042%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1583	+0.127%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1600	+0.204%	$1.3M	$2.1M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0036%	4h	2.1555	−0.005%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1587	+0.144%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1570	+0.065%	$406K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1577	+0.097%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.204%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.204%	$497K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1580	+0.111%	$108K	$275K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0190% / S −0.0185%	1h	2.1582	+0.122%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0245%	1h	2.1601	+0.209%	$386K	$400K	10x	as long as short