Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h 0.000%

Price spread now: Aster against Kraken Futures−0.102%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$580.578% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.102%, 7d avg −0.049%

Together, before fees+0.139%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.053% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.049%). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.085% in total) that is about 4.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% 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	Kraken Futures PF_TRUMPUSD	2.1401	−0.0099	get 0.0012% / 1h	39m 49s	$1.3M	$2.3M	50x
Short	Aster TRUMPUSDT	2.1379	0.0100	get 0.0050% / 4h	1h 39m	$401K	$778K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.102%Rate

Funding earned: $41.72
Price spread: −0.102% → −0.049%: −$5.26
Slippage, 4 orders: −$39.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.29
Costs to cover: 0.578%
Break-even: 10.6 days

Slippage from Kraken Futures: live order book, 4 min ago; Aster: 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 Kraken Futures live order book, 4 min ago	4.67 bp	20.1 bp −$20	32.8 bp −$328	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.67 bp	9.8 bp −$10	27.6 bp −$276	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	−0.1927%	1h	2.1280	−0.567%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	−0.138%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1360	−0.193%	$74K	$737K	25x	as long as short
Binance TRUMPUSDT	−0.0221%	4h	2.1356	−0.213%	$60.3M	$251.7M	75x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	0.000%	$661K	$424K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0124%	1h	2.1377	−0.113%	$403K	$81K	10x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1397	−0.022%	$104K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSDlong	−0.0099%	1h	2.1401	long leg	$1.3M	$2.3M	50x
Gate TRUMP_USDT	−0.0098%	4h	2.1360	−0.193%	$7.7M	$53.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0095%	4h	2.1350	−0.240%	$26.4M	$184.3M	50x	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	−0.0075%	8h	2.1395	−0.030%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0064%	4h	2.1360	−0.193%	$30.3M	$52.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1370	−0.146%	$5K	$239K	10x	as long as short
SoDEX TRUMP-USD	−0.0060%	1h	2.1365	−0.169%	$80	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1415	+0.064%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1396	−0.026%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0018%	4h	2.1420	+0.088%	$4.1M	$686K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1365	−0.169%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1365	−0.169%	$944K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1382	−0.090%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1379	−0.102%	$401K	$778K	20x
Pacifica TRUMP	+0.0100%	1h	2.1404	+0.013%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1370	−0.146%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1370	−0.146%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	−0.099%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1396	−0.024%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.041%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.041%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1390	−0.054%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	+0.181%	$205K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0331%	1h	2.1403	+0.008%	$379K	$414K	10x	as long as short