Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.005%

Price spread now: Aevo against Orderly−0.046%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.046% cheaper against Orderly than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1870	0.0035	pay 0.0018% / 4h	3h 42m	$4K	$173K	10x
Short	Aevo TRUMP-PERP	2.1860	0.0072	get 0.0009% / 1h	42m 50s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now −0.046%Rate

Funding earned: $7.67
Price spread: −0.046% → 0.000%: −$4.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$18.9
Costs to cover: 0.220%
Break-even: 24.2 days

Slippage unknown: Orderly: no order-book sample; Aevo: no order-book sample. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Orderly and Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1765%	1h	2.1740	−0.594%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1871	+0.007%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0155%	4h	2.1850	−0.091%	$30.9M	$49.9M	50x	as long as short
SoDEX TRUMP-USD	−0.0119%	1h	2.1869	−0.005%	$95	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0084%	4h	2.1860	−0.046%	$7.9M	$51.1M	75x	as long as short
Extended TRUMP-USD	−0.0048%	1h	2.1839	−0.142%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0046%	4h	2.1841	−0.134%	$61.8M	$244.3M	75x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	−0.315%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	−0.224%	$106K	$265K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	+0.072%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1884	+0.064%	$412K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1881	+0.050%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0035%	4h	2.1870	long leg	$4K	$173K	10x
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1869	−0.006%	$5K	$175	5x	as long as short
Aevo TRUMP-PERPshort	+0.0072%	1h	2.1860	−0.046%	$19K	—	3x
Lighter TRUMP	+0.0096%	1h	2.1872	+0.009%	$969K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1868	−0.009%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1894	+0.110%	$429K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1869	−0.004%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1850	−0.091%	$27.9M	$179.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1850	−0.091%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	0.000%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1860	−0.046%	$15.9M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	−0.137%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.091%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1900	+0.137%	$511K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1899	+0.134%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1885	+0.069%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0194%	4h	2.1880	+0.046%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1880	+0.046%	$283K	$280K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0408%	1h	2.1910	+0.183%	$344K	$374K	10x	as long as short