Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Aevo−0.265%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.265% cheaper against Aevo than usual: you would sell low and buy high, −$26 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	Aevo TRUMP-PERP	2.2238	0.0104	pay 0.0013% / 1h	3m 21s	$19K	—	3x
Short	Aster TRUMPUSDT	2.2180	0.0100	get 0.0050% / 4h	3h 03m	$463K	$837K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.265%Rate

Funding earned: −$0.84
Price spread: −0.265% → 0.000%: −$26.46
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$51.3
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	4.45 bp	9.7 bp −$10	22.7 bp −$227	doesn't fit	doesn't fit

Aevo: 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	−0.1608%	1h	2.2180	−0.263%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2171	−0.302%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2200	−0.173%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2356	+0.529%	$419K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2200	−0.173%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2432	+0.871%	$109K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0085%	8h	2.2185	−0.239%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0094%	4h	2.2200	−0.173%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2179	−0.267%	$983K	$783K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2205	−0.150%	$14.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDTshort	+0.0100%	4h	2.2180	−0.265%	$463K	$837K	20x
Pacifica TRUMP	+0.0100%	1h	2.2200	−0.173%	$193K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2190	−0.218%	$64.2M	$229.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2180	−0.263%	$31.4M	$46.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2210	−0.128%	$28.8M	$163.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2180	−0.263%	$7.9M	$49.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2190	−0.218%	$478K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2190	−0.218%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2220	−0.083%	$16.1M	$22.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	+0.371%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+0.606%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2390	+0.682%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2325	+0.389%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2360	+0.547%	$583K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2210	−0.128%	$79K	$600K	25x	as long as short
Aevo TRUMP-PERPlong	+0.0104%	1h	2.2238	long leg	$19K	—	3x
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2196	−0.189%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2350	+0.502%	$4.3M	$672K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0457%	1h	2.2272	+0.151%	$263K	$302K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2430	+0.862%	$295K	$288K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0772%	1h	2.2331	+0.416%	$1.3M	$2.6M	50x	as long as short