Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1610%/8h= +176.2% APRpaid last 24h +0.518%

Price spread now: Binance against Injective+0.532%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.437%+$44 on $10k

Price spread, last 4 days (all we have)−0.787%−$79 · spread now +0.532%, 7d avg +0.069%

Together, before fees−0.350%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Binance is 0.464% dearer against Injective than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of +0.069%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.437% in total (about 22.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TRUMP/USDC PERP	2.1380	−0.1797	get 0.0225% / 1h	10m 54s	$12K	$157K	12x
Short	Binance TRUMPUSDT	2.1494	−0.0187	pay 0.0094% / 4h	10m 54s	$60.8M	$250.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +0.532%Rate

Funding earned: $338.01
Price spread: +0.532% → +0.069%: $46.37
Slippage, 4 orders: −$96.16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $278.21
Costs to cover: 1.062%
Break-even: 1.2 days

Slippage from Injective: live order book, 13 min ago; Binance: 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 Injective live order book, 13 min ago	35.19 bp	56.3 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.33 bp	7.3 bp −$7	12.1 bp −$121	40.0 bp −$3,997	212.1 bp −$106.1K

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 PERPlong	−0.1797%	1h	2.1380	long leg	$12K	$157K	12x
SoDEX TRUMP-USD	−0.0353%	1h	2.1485	+0.491%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1482	+0.478%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0243%	4h	2.1482	+0.479%	$663K	$423K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0196%	4h	2.1480	+0.468%	$26.8M	$184.4M	50x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1492	+0.524%	$939K	$1.0M	10x	as long as short
Bybit TRUMPUSDT	−0.0188%	4h	2.1490	+0.514%	$30.5M	$52.5M	50x	as long as short
Binance TRUMPUSDTshort	−0.0187%	4h	2.1494	+0.532%	$60.8M	$250.8M	75x
Extended TRUMP-USD	−0.0184%	1h	2.1490	+0.514%	$74K	$496K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0122%	1h	2.1495	+0.538%	$405K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0107%	8h	2.1477	+0.452%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1490	+0.514%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0092%	4h	2.1442	+0.288%	$105K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0070%	4h	2.1480	+0.468%	$5K	$278K	10x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1507	+0.594%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1501	+0.565%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1490	+0.514%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1473	+0.435%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0053%	4h	2.1500	+0.561%	$4.1M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.234%	$167K	$479K	50x	as long as short
Bitget TRUMPUSDT	+0.0080%	4h	2.1500	+0.561%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1516	+0.636%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1498	+0.550%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1495	+0.538%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1490	+0.514%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1500	+0.561%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.608%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.561%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1510	+0.610%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0291%	1h	2.1530	+0.702%	$384K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0597%	1h	2.1517	+0.642%	$1.3M	$2.3M	50x	as long as short