Settings8H · net · $10k
Funding arb · Price arb /

TRUMP

all TRUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0254%/8h= +27.8% APRnext payment +$1.27 per $10,000 · paid last 24h +0.006%
Price spread now: Aster against Variational Omni+0.113%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.048%+$5 on $10k
Price spread, last 4 days (all we have)+0.182%+$18 · spread now +0.113%, 7d avg +0.026%
Together, before fees+0.230%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aster is 0.087% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.026%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.048% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TRUMP2.1411−0.0154get 0.0077% / 4h1h 48m$660K$424K
ShortAster TRUMPUSDT2.14360.0100get 0.0050% / 4h1h 48m$402K$778K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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

Funding earned
$53.32
Price spread: +0.113% → +0.026%
$8.72
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
$54.04
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Aster: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 60 min ago5.05 bpdoesn't fit10.6 bp −$106doesn't fitdoesn't fit
Sell Aster live order book, 59 min ago4.66 bp14.2 bp −$1426.1 bp −$261doesn't fitdoesn't fit

TRUMP on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective TRUMP/USDC PERP−0.1927%1h2.1340−0.334%$12K$157K12xas long as short
Reya TRUMPRUSDPERP−0.0245%1h2.1422+0.047%$510xas long as short
Extended TRUMP-USD−0.0232%1h2.1399−0.057%$74K$742K25xas long as short
Binance TRUMPUSDT−0.0232%4h2.1440+0.133%$60.5M$252.4M75xas long as short
Variational Omni TRUMPlong−0.0154%4h2.1411long leg$660K$424K
edgeX TRUMPUSDC−0.0123%4h2.1428+0.076%$105K$264K20xas long as short
Kraken Futures PF_TRUMPUSD−0.0098%1h2.1443+0.147%$1.3M$2.3M50xas long as short
Paradex TRUMP-USD-PERP−0.0093%8h2.1426+0.067%$5K$1755xas long as short
Bybit TRUMPUSDT−0.0091%4h2.1430+0.087%$30.4M$52.4M50xas long as short
Gate TRUMP_USDT−0.0090%4h2.1420+0.040%$7.7M$53.5M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX TRUMP-USDT-SWAP−0.0090%4h2.1420+0.040%$26.4M$184.9M50xas long as short
Deribit TRUMP_USDC-PERPETUAL−0.0077%1h2.1423+0.054%$403K$81K10xas long as short
Orderly PERP_TRUMP_USDC−0.0059%4h2.1410−0.007%$5K$236K10xas long as short
dYdX TRUMP-USD0.0000%1h2.1436+0.116%$27K$5015xas long as short
BloFin TRUMP-USDT+0.0006%4h2.1420+0.040%$4.1M$686K75xas long as short
gTrade (Gains Network) TRUMP/USDL +0.0008% / S −0.0007%1h2.1435+0.109%$40K150xas long as short
SoDEX TRUMP-USD+0.0009%1h2.1419+0.035%$82$6K5xas long as short
Aevo TRUMP-PERP+0.0024%1h2.1405−0.030%$19K3xas long as short
Lighter TRUMP+0.0096%1h2.1418+0.031%$945K$1.0M10xas long as short
Hyperliquid TRUMP+0.0100%1h2.1430+0.087%$13.5M$8.0M10xas long as short
Aster TRUMPUSDTshort+0.0100%4h2.1436+0.113%$402K$778K20x
Pacifica TRUMP+0.0100%1h2.1434+0.105%$184K$54K10xas long as short
MEXC TRUMP_USDC+0.0100%4h2.1430+0.087%$399K$148K125xas long as short
KuCoin TRUMPUSDTM+0.0100%4h2.1440+0.133%$4.2M$11.2M50xas long as short
Bitget TRUMPUSDT+0.0100%4h2.1420+0.040%$15.2M$27.1M75xas long as short
GRVT TRUMP_USDT_Perp+0.0100%4h2.1420+0.040%$181K$4.6M10xas long as short
SunX TRUMP-USDT+0.0100%4h2.1460+0.227%$2K$1.6M50xas long as short
HTX TRUMP-USDT+0.0100%4h2.1440+0.133%$483K$2.4M50xas long as short
GMX TRUMP/USD [ETH-USDC]L +0.0137% / S −0.0099%1h2.1440+0.132%$9K100xas long as short
Coinbase International TRUMP-PERP-INTX+0.0192%1h2.1430+0.087%$205K$419K50xas long as short
Backpack TRUMP_USDC_PERP+0.0415%1h2.1457+0.213%$380K$415K10xas long as short