Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.035%

Price spread now: OKX against dYdX−0.211%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 OKX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. OKX is 0.211% cheaper against dYdX than usual: you would sell low and buy high (spread −0.211% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 7.0 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	dYdX TRUMP-USD	2.1736	0	get 0.0000% / 1h	49m 15s	$27K	$512	5x
Short	OKX TRUMP-USDT-SWAP	2.1690	0.0100	get 0.0050% / 4h	1h 49m	$27.8M	$168.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.211%Rate

Funding earned: $21
Price spread: −0.211% → 0.000%: −$21.1
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.1
Costs to cover: 0.200%
Break-even: 13.7 days

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	2.29 bp	7.3 bp −$7	13.8 bp −$138	49.8 bp −$4,977	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 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	−0.1659%	1h	2.1620	−0.533%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1675	−0.280%	$965K	$792K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1696	−0.183%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1710	−0.119%	$7.6M	$49.2M	75x	as long as short
SoDEX TRUMP-USD	−0.0076%	1h	2.1675	−0.280%	$82	$6K	5x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.1736	long leg	$27K	$512	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1681	−0.252%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	−0.145%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	+0.330%	$106K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0052%	8h	2.1712	−0.108%	$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	+0.0081%	4h	2.1680	−0.257%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1722	−0.064%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1722	−0.063%	$429K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1725	−0.048%	$187K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1700	−0.165%	$63.0M	$235.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1680	−0.257%	$31.1M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1690	−0.211%	$27.8M	$168.5M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1700	−0.165%	$426K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1710	−0.119%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1700	−0.165%	$15.5M	$24.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1718	−0.082%	$255K	$316K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.436%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1850	+0.525%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1710	−0.119%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	−0.027%	$531K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1654	−0.376%	$115K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1665	−0.326%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1706	−0.136%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1708	−0.127%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	−0.119%	$281K	$300K	50x	as long as short