Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h −0.016%

Price spread now: edgeX against Paradex−0.135%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.135% cheaper against Paradex than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1617	−0.0244	get 0.0244% / 8h	3h 05m	$5K	$175	5x
Short	edgeX TRUMPUSDC	2.1588	−0.0069	pay 0.0035% / 4h	3h 05m	$105K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.135%Rate

Funding earned: $36.56
Price spread: −0.135% → 0.000%: −$13.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $10.11
Costs to cover: 0.130%
Break-even: 5.1 days

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 47 min ago. 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 edgeX live order book, 47 min ago	6.88 bp	14.4 bp −$14	40.9 bp −$409	doesn't fit	doesn't fit

Paradex: 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	2.1490	−0.589%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0382%	1h	2.1605	−0.057%	$84	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0259%	1h	2.1613	−0.020%	$407K	$72K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1601	−0.075%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0244%	8h	2.1617	long leg	$5K	$175	5x
Binance TRUMPUSDT	−0.0155%	4h	2.1602	−0.072%	$61.1M	$246.3M	75x	as long as short
Extended TRUMP-USD	−0.0152%	1h	2.1599	−0.083%	$77K	$718K	25x	as long as short
Bybit TRUMPUSDT	−0.0141%	4h	2.1610	−0.034%	$30.8M	$50.6M	50x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1610	−0.034%	$7.9M	$52.5M	75x	as long as short
edgeX TRUMPUSDCshort	−0.0069%	4h	2.1588	−0.135%	$105K	$264K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0064%	1h	2.1602	−0.071%	$955K	$977K	10x	as long as short
Variational Omni TRUMP	−0.0058%	4h	2.1621	+0.018%	$668K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	+0.040%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0002%	4h	2.1600	−0.080%	$5K	$199K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1625	+0.035%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0012%	4h	2.1626	+0.041%	$180K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1588	−0.136%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0066%	4h	2.1610	−0.034%	$27.7M	$179.4M	50x	as long as short
BloFin TRUMP-USDT	+0.0085%	4h	2.1610	−0.034%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1622	+0.021%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1611	−0.031%	$407K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1633	+0.070%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1600	−0.080%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1600	−0.080%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1600	−0.080%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1620	+0.012%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1630	+0.058%	$492K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1630	+0.057%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1631	+0.061%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0197%	1h	2.1655	+0.174%	$384K	$402K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1630	+0.058%	$284K	$277K	50x	as long as short