Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.011%

Price spread now: OKX against Extended+0.059%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.059%, 7d avg +0.025%

Together, before fees+0.133%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.034% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1417	−0.0376	get 0.0047% / 1h	55m 30s	$74K	$483K	25x
Short	OKX TRUMP-USDT-SWAP	2.1430	−0.0324	pay 0.0162% / 4h	55m 30s	$27.1M	$172.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $10.91
Price spread: +0.059% → +0.025%: $3.4
Slippage, 4 orders: −$15.58
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$16.27
Costs to cover: 0.306%
Break-even: 17.4 days

Slippage from Extended: live order book, 50 min ago; OKX: live order book, 2 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, 50 min ago	4.67 bp	7.7 bp −$8	31.6 bp −$316	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.33 bp	7.8 bp −$8	11.7 bp −$117	33.6 bp −$3,365	715.3 bp −$357.6K

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
SoDEX TRUMP-USD	−0.0384%	1h	2.1415	−0.011%	$80	$6K	5x	as long as short
Extended TRUMP-USDlong	−0.0376%	1h	2.1417	long leg	$74K	$483K	25x
Binance TRUMPUSDT	−0.0375%	4h	2.1426	+0.040%	$62.6M	$236.5M	75x	as long as short
Variational Omni TRUMP	−0.0374%	4h	2.1409	−0.038%	$666K	$399K	—	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0324%	4h	2.1430	+0.059%	$27.1M	$172.3M	50x
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1440	+0.106%	$129K	$522K	50x	as long as short
Bybit TRUMPUSDT	−0.0306%	4h	2.1420	+0.012%	$31.2M	$48.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0262%	4h	2.1420	+0.012%	$388K	$141K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1399	−0.084%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0216%	4h	2.1430	+0.059%	$7.7M	$46.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TRUMPUSDTM	−0.0208%	4h	2.1420	+0.012%	$4.3M	$10.1M	50x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1435	+0.083%	$105K	$252K	20x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1427	+0.045%	$916K	$928K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0170%	1h	2.1430	+0.059%	$385K	$79K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0161%	8h	2.1426	+0.039%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0136%	4h	2.1450	+0.152%	$4.3M	$658K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0091%	4h	2.1410	−0.035%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0030%	4h	2.1440	+0.106%	$15.5M	$24.7M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1406	−0.051%	$19K	—	3x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1434	+0.079%	$25K	$3K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1433	+0.073%	$40K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0016%	4h	2.1450	+0.152%	$180K	$4.0M	10x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.315%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1442	+0.115%	$13.6M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1435	+0.081%	$404K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1438	+0.096%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.152%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.106%	$487K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1440	+0.106%	$266K	$589K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0218%	1h	2.1438	+0.095%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0261%	1h	2.1458	+0.190%	$383K	$391K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0326%	1h	2.1463	+0.214%	$1.4M	$2.1M	50x	as long as short