Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h −0.006%

Price spread now: edgeX against Extended−0.017%53s7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.543% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.576%+$58 · spread now −0.017%, 7d avg +0.041%

Together, before fees+0.590%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.058% cheaper against Extended than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.041%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.013% in total) that is about 31 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1409	−0.0168	get 0.0021% / 1h	34m 33s	$76K	$492K	25x
Short	edgeX TRUMPUSDC	2.1405	−0.0083	pay 0.0041% / 4h	34m 33s	$104K	$253K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $17.86
Price spread: −0.017% → +0.041%: −$5.77
Slippage, 4 orders: −$40.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.24
Costs to cover: 0.543%
Break-even: 23.6 days

Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 3 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, 3 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	9.34 bp	16.3 bp −$16	83.1 bp −$831	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	−0.1797%	1h	2.1310	−0.463%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0404%	1h	2.1384	−0.117%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0308%	1h	2.1385	−0.113%	$78	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1381	−0.132%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1369	−0.187%	$934K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	−0.085%	$660K	$423K	—	as long as short
Binance TRUMPUSDT	−0.0171%	4h	2.1420	+0.051%	$60.6M	$251.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0170%	4h	2.1420	+0.051%	$26.6M	$184.2M	50x	as long as short
Extended TRUMP-USDlong	−0.0168%	1h	2.1409	long leg	$76K	$492K	25x
Bybit TRUMPUSDT	−0.0135%	4h	2.1430	+0.098%	$30.5M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0126%	4h	2.1410	+0.004%	$7.6M	$53.2M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0089%	8h	2.1372	−0.174%	$5K	$175	5x	as long as short
edgeX TRUMPUSDCshort	−0.0083%	4h	2.1405	−0.017%	$104K	$253K	20x
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1380	−0.136%	$5K	$271K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1400	−0.043%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1394	−0.070%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0022%	4h	2.1380	−0.136%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1372	−0.175%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.136%	$169K	$470K	50x	as long as short
BloFin TRUMP-USDT	+0.0069%	4h	2.1390	−0.089%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1392	−0.080%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	+0.051%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1389	−0.094%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1380	−0.136%	$397K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1390	−0.089%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	+0.279%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	−0.043%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.004%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1392	−0.081%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0268%	1h	2.1434	+0.116%	$381K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1420	+0.051%	$1.3M	$2.3M	50x	as long as short