Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.016%

Price spread now: dYdX against edgeX−0.342%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.342% cheaper against edgeX than usual: you would sell low and buy high (spread −0.342% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 53 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TRUMPUSDC	2.1861	−0.0022	get 0.0011% / 4h	3h 40m	$107K	$263K	20x
Short	dYdX TRUMP-USD	2.1786	0	get 0.0000% / 1h	40m 59s	$27K	$512	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against edgeX. 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 edgeXbpFee dYdXbpOrdersPrice spread, now −0.342%Rate

Funding earned: $4.55
Price spread: −0.342% → 0.000%: −$34.19
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$48.64
Costs to cover: 0.190%
Break-even: 81.8 days

Slippage unknown: edgeX: live order book, 12 min ago; dYdX: 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 edgeX live order book, 12 min ago	6.88 bp	13.7 bp −$14	36.8 bp −$368	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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 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	−0.1765%	1h	2.1650	−0.965%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	−0.364%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0243%	4h	2.1800	−0.279%	$30.8M	$50.0M	50x	as long as short
SoDEX TRUMP-USD	−0.0180%	1h	2.1815	−0.211%	$95	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0060%	4h	2.1810	−0.234%	$7.8M	$51.2M	75x	as long as short
Binance TRUMPUSDT	−0.0050%	4h	2.1802	−0.268%	$61.7M	$244.6M	75x	as long as short
Extended TRUMP-USD	−0.0048%	1h	2.1799	−0.285%	$75K	$722K	25x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.320%	$676K	$513K	—	as long as short
edgeX TRUMPUSDClong	−0.0022%	4h	2.1861	long leg	$107K	$263K	20x
dYdX TRUMP-USDshort	0.0000%	1h	2.1786	−0.342%	$27K	$512	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1813	−0.220%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1810	−0.234%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0033%	4h	2.1790	−0.325%	$4K	$172K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1737	−0.566%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1787	−0.337%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1810	−0.234%	$966K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1830	−0.142%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1812	−0.223%	$427K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1773	−0.403%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1810	−0.234%	$27.9M	$179.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	−0.188%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1820	−0.188%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	−0.188%	$15.9M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	−0.096%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1840	−0.096%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	−0.142%	$509K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1816	−0.205%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1842	−0.087%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0190%	4h	2.1810	−0.234%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0366%	1h	2.1841	−0.092%	$344K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1810	−0.234%	$282K	$279K	50x	as long as short