Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h −0.001%

Price spread now: Orderly against Paradex−0.040%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 Orderly

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.040% cheaper against Paradex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1799	0.0036	pay 0.0036% / 8h	3h 40m	$5K	$175	5x
Short	Orderly PERP_TRUMP_USDC	2.1790	0.0033	get 0.0017% / 4h	3h 40m	$4K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.040%Rate

Funding earned: −$0.52
Price spread: −0.040% → 0.000%: −$3.98
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.5
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Paradex and 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	−0.1765%	1h	2.1650	−0.682%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0279%	4h	2.1810	+0.052%	$30.8M	$50.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1801	+0.013%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0180%	1h	2.1815	+0.075%	$95	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0057%	4h	2.1799	0.000%	$61.7M	$244.6M	75x	as long as short
Extended TRUMP-USD	−0.0048%	1h	2.1789	−0.045%	$75K	$722K	25x	as long as short
Gate TRUMP_USDT	−0.0040%	4h	2.1810	+0.052%	$7.8M	$51.2M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.034%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0022%	4h	2.1861	+0.286%	$107K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1826	+0.126%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1813	+0.066%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1810	+0.052%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0033%	4h	2.1790	−0.040%	$4K	$172K	10x
Paradex TRUMP-USD-PERPlong	+0.0036%	8h	2.1799	long leg	$5K	$175	5x
Aevo TRUMP-PERP	+0.0072%	1h	2.1787	−0.052%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1801	+0.011%	$965K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1825	+0.121%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1818	+0.089%	$427K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1809	+0.046%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1810	+0.052%	$27.9M	$179.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	+0.006%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	+0.052%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.098%	$15.9M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	+0.190%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1840	+0.190%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.144%	$509K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1816	+0.081%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1842	+0.199%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0190%	4h	2.1810	+0.052%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0366%	1h	2.1841	+0.194%	$344K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1810	+0.052%	$282K	$279K	50x	as long as short