Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.004%

Price spread now: Orderly against Pacifica−0.061%7-day average −0.037% · you buy dearer than you sell

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

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.061%, 7d avg −0.037%

Together, before fees−0.108%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.024% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1473	0.0100	pay 0.0013% / 1h	14m 25s	$185K	$54K	10x
Short	Orderly PERP_TRUMP_USDC	2.1460	−0.0056	pay 0.0028% / 4h	1h 14m	$5K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Pacifica. 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 PacificabpFee OrderlybpOrdersPrice spread, now −0.061%Rate

Funding earned: −$32.85
Price spread: −0.061% → −0.037%: −$2.4
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$49.25
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 28 min ago; Orderly: 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 Pacifica live order book, 28 min ago	6.55 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1927%	1h	2.1380	−0.433%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1444	−0.135%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0169%	4h	2.1455	−0.083%	$60.6M	$251.4M	75x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1449	−0.113%	$74K	$521K	25x	as long as short
Variational Omni TRUMP	−0.0117%	4h	2.1461	−0.055%	$663K	$423K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0101%	4h	2.1440	−0.154%	$26.6M	$184.6M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1485	+0.055%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0086%	4h	2.1480	+0.031%	$105K	$265K	20x	as long as short
Orderly PERP_TRUMP_USDCshort	−0.0056%	4h	2.1460	−0.061%	$5K	$251K	10x
Gate TRUMP_USDT	−0.0050%	4h	2.1460	−0.061%	$7.7M	$53.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0040%	4h	2.1460	−0.061%	$30.5M	$52.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1459	−0.065%	$404K	$81K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0029%	8h	2.1456	−0.081%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0027%	1h	2.1455	−0.084%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1466	−0.034%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1454	−0.090%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1445	−0.130%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0072%	4h	2.1440	−0.154%	$4.1M	$701K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1451	−0.102%	$938K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1478	+0.023%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1466	−0.032%	$403K	$778K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1473	long leg	$185K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.107%	$399K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1460	−0.061%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1450	−0.107%	$15.3M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1480	+0.032%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	−0.014%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	−0.014%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1451	−0.102%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1490	+0.079%	$187K	$443K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0420%	1h	2.1492	+0.088%	$380K	$417K	10x	as long as short