Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.033%

Price spread now: dYdX against Orderly+0.138%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.138% dearer against Orderly than usual: you sell high and buy low (spread +0.138% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.2090	0.0087	pay 0.0043% / 4h	2h 34m	$4K	$245K	10x
Short	dYdX TRUMP-USD	2.2120	0	get 0.0000% / 1h	34m 18s	$28K	$512	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$18.24
Price spread: +0.138% → 0.000%: $13.79
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$20.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; dYdX: 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 dYdX no order-book sample	—	—	—	—	—

Orderly and dYdX: 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	−0.1623%	1h	2.2030	−0.272%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2092	+0.007%	$5	—	10x	as long as short
dYdX TRUMP-USDshort	0.0000%	1h	2.2120	+0.138%	$28K	$512	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2104	+0.063%	$416K	$80K	10x	as long as short
Gate TRUMP_USDT	+0.0008%	4h	2.2100	+0.045%	$7.8M	$48.9M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2114	+0.110%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2067	−0.105%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2105	+0.068%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0087%	4h	2.2090	long leg	$4K	$245K	10x
Lighter TRUMP	+0.0096%	1h	2.2122	+0.145%	$983K	$789K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX TRUMP-USD	+0.0096%	1h	2.2100	+0.045%	$78	$6K	5x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2122	+0.145%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2122	+0.144%	$437K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2120	+0.136%	$191K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2092	+0.011%	$64.1M	$236.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2100	+0.045%	$31.6M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2090	0.000%	$29.0M	$170.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2090	0.000%	$440K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2110	+0.091%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2110	+0.091%	$15.9M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2122	+0.143%	$697K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	−0.062%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2120	+0.136%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	+0.226%	$553K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2092	+0.007%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2080	−0.045%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2107	+0.077%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0324%	1h	2.2174	+0.380%	$259K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.634%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0510%	1h	2.2128	+0.173%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.453%	$288K	$308K	50x	as long as short