Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.031%

Price spread now: dYdX against Paradex+0.069%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.069% dearer against Paradex than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1521	0.0036	pay 0.0036% / 8h	4h 10m	$5K	$175	5x
Short	dYdX TRUMP-USD	2.1536	−0.0002	pay 0.0000% / 1h	10m 10s	$27K	$512	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$7.96
Price spread: +0.069% → 0.000%: $6.92
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$15.04
Costs to cover: 0.140%
Break-even: never at this rate

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

Paradex 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	−0.1690%	1h	2.1450	−0.331%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1531	+0.047%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0102%	1h	2.1520	−0.006%	$94	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0075%	1h	2.1529	+0.036%	$405K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0038%	4h	2.1540	+0.087%	$7.6M	$51.1M	75x	as long as short
Extended TRUMP-USD	−0.0024%	1h	2.1519	−0.011%	$74K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0020%	4h	2.1522	+0.005%	$60.4M	$242.6M	75x	as long as short
Variational Omni TRUMP	−0.0011%	4h	2.1571	+0.231%	$666K	$488K	—	as long as short
edgeX TRUMPUSDC	−0.0005%	4h	2.1545	+0.113%	$105K	$265K	20x	as long as short
dYdX TRUMP-USDshort	−0.0002%	1h	2.1536	+0.069%	$27K	$512	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	0.0000%	1h	2.1523	+0.008%	$952K	$957K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1536	+0.069%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0036%	8h	2.1521	long leg	$5K	$175	5x
Orderly PERP_TRUMP_USDC	+0.0043%	4h	2.1520	−0.006%	$4K	$200K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1515	−0.029%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1548	+0.124%	$13.8M	$7.8M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	+0.135%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1540	+0.087%	$185K	$53K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1510	−0.052%	$30.5M	$49.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1520	−0.006%	$27.2M	$173.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	−0.006%	$404K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1540	+0.087%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1530	+0.041%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1596	+0.347%	$341K	$361K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1529	+0.037%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.134%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1550	+0.134%	$503K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1530	+0.040%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1549	+0.129%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0222%	4h	2.1550	+0.134%	$4.1M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	+0.273%	$279K	$276K	50x	as long as short