Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Aster against Extended+0.062%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.062%, 7d avg +0.067%

Together, before fees+0.121%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.2069	0.0104	pay 0.0013% / 1h	0m 52s	$79K	$595K	25x
Short	Aster TRUMPUSDT	2.2083	0.0100	get 0.0050% / 4h	3h 00m	$461K	$837K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$0.84
Price spread: +0.062% → +0.067%: −$0.58
Slippage, 4 orders: −$21.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.95
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Extended: live order book, 7 min ago; Aster: live order book, 7 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 Extended live order book, 7 min ago	4.46 bp	7.5 bp −$7	29.4 bp −$294	doesn't fit	doesn't fit
Sell Aster live order book, 7 min ago	4.45 bp	9.7 bp −$10	22.7 bp −$227	doesn't fit	doesn't fit

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	−0.1608%	1h	2.2020	−0.223%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2071	+0.010%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2156	+0.395%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2071	+0.008%	$414K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2075	+0.026%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.590%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.2116	+0.211%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0092%	4h	2.2060	−0.041%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2070	+0.004%	$979K	$784K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2094	+0.113%	$14.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDTshort	+0.0100%	4h	2.2083	+0.062%	$461K	$837K	20x
Pacifica TRUMP	+0.0100%	1h	2.2160	+0.409%	$192K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2087	+0.081%	$63.8M	$230.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2080	+0.049%	$31.3M	$46.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2070	+0.004%	$28.6M	$163.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2070	+0.004%	$7.9M	$49.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2060	−0.041%	$476K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2080	+0.049%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2080	+0.049%	$16.0M	$23.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2051	−0.082%	$702K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+1.377%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2090	+0.094%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2065	−0.019%	$82	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2130	+0.276%	$574K	$1.9M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.2069	long leg	$79K	$595K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.2071	+0.008%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2079	+0.043%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2070	+0.004%	$4.3M	$671K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0435%	1h	2.2095	+0.117%	$262K	$308K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2230	+0.729%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0780%	1h	2.2095	+0.119%	$1.3M	$2.6M	50x	as long as short