Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.004%

Price spread now: Aevo against Paradex−0.208%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.208% cheaper against Paradex than usual: you would sell low and buy high (spread −0.208% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 22 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	Paradex TRUMP-USD-PERP	2.1816	0.0040	pay 0.0040% / 8h	3h 42m	$5K	$175	5x
Short	Aevo TRUMP-PERP	2.1770	0.0072	get 0.0009% / 1h	42m 06s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.208%Rate

Funding earned: $6.73
Price spread: −0.208% → 0.000%: −$20.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$34.04
Costs to cover: 0.200%
Break-even: 42.4 days

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex 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	−0.347%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	−0.157%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0151%	1h	2.1780	−0.164%	$95	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0143%	4h	2.1780	−0.164%	$30.8M	$50.0M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0117%	1h	2.1796	−0.090%	$410K	$72K	10x	as long as short
Extended TRUMP-USD	−0.0048%	1h	2.1779	−0.169%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0046%	4h	2.1790	−0.118%	$61.7M	$245.0M	75x	as long as short
Gate TRUMP_USDT	−0.0030%	4h	2.1790	−0.118%	$7.8M	$51.2M	75x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	−0.067%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	+0.025%	$106K	$265K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	0.0000%	1h	2.1866	+0.232%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1804	−0.053%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0035%	4h	2.1780	−0.164%	$4K	$173K	10x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0040%	8h	2.1816	long leg	$5K	$175	5x
Aevo TRUMP-PERPshort	+0.0072%	1h	2.1770	−0.208%	$19K	—	3x
Lighter TRUMP	+0.0096%	1h	2.1786	−0.136%	$965K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1799	−0.077%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1813	−0.013%	$427K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1838	+0.104%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	−0.210%	$27.9M	$178.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1790	−0.118%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1800	−0.072%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	−0.118%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	+0.111%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	−0.026%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	−0.026%	$508K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1810	−0.027%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1808	−0.034%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0194%	4h	2.1880	+0.295%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0392%	1h	2.1815	−0.003%	$342K	$374K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1790	−0.118%	$282K	$279K	50x	as long as short