Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0082%/8hnext payment −$0.41 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Variational Omni+0.351%7-day average −0.061% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.342%−$34 · spread now +0.351%, 7d avg −0.061%

Together, before fees−0.349%+ Points / potential airdropVariational Omni: Active · farm board−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.412% dearer against Variational Omni than usual: you sell high and buy low (spread +0.351% now, against its 7-day average of −0.061%): +$41 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 3 days (−0.007% in total) that is about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1425	0.0100	pay 0.0050% / 4h	22m 32s	$666K	$231K	—
Short	MEXC TRUMP_USDC	2.1500	0.0018	get 0.0009% / 4h	22m 32s	$472K	$135K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee MEXCbpOrdersPrice spread, now +0.351%Rate

Funding earned: −$17.22
Price spread: +0.351% → −0.061%: $41.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $23.96
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; MEXC: live order book, 5 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 Variational Omni RFQ quote, 11 min ago	5.06 bp	doesn't fit	15.0 bp −$150	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.33 bp	2.3 bp −$2	7.5 bp −$75	107.8 bp −$10.8K	doesn't fit

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	−0.1937%	1h	2.1380	−0.210%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0394%	1h	2.1525	+0.468%	$1.0M	$2.1M	50x	as long as short
Lighter TRUMP	−0.0360%	1h	2.1504	+0.369%	$963K	$585K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1480	+0.259%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0115%	1h	2.1505	+0.374%	$77	$6K	5x	as long as short
dYdX TRUMP-USD	−0.0022%	1h	2.1510	+0.397%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1523	+0.458%	$403K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.420%	$41K	—	150x	as long as short
MEXC TRUMP_USDCshort	+0.0018%	4h	2.1500	+0.351%	$472K	$135K	125x
Paradex TRUMP-USD-PERP	+0.0028%	8h	2.1503	+0.364%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0031%	4h	2.1467	+0.199%	$117K	$242K	20x	as long as short
Gate TRUMP_USDT	+0.0038%	4h	2.1510	+0.397%	$7.4M	$44.7M	75x	as long as short
Extended TRUMP-USD	+0.0056%	1h	2.1494	+0.322%	$74K	$472K	25x	as long as short
Binance TRUMPUSDT	+0.0059%	4h	2.1489	+0.300%	$61.6M	$209.3M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.1500	+0.351%	$3K	$249K	10x	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1501	+0.353%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1534	+0.509%	$13.7M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1527	+0.476%	$433K	$824K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1511	+0.403%	$185K	$65K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1480	+0.257%	$30.0M	$40.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1480	+0.257%	$26.6M	$143.2M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	+0.444%	$4.4M	$9.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1500	+0.351%	$15.2M	$19.9M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1533	+0.505%	$254K	$265K	10x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.1425	long leg	$666K	$231K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.537%	$191K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1540	+0.537%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.491%	$500K	$1.6M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	2.1513	+0.412%	$11K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0237%	4h	2.1510	+0.397%	$4.2M	$474K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1570	+0.677%	$277K	$397K	50x	as long as short