Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.001%

Price spread now: Bybit against Aevo−0.011%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 Bybit

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.1832	0.0072	pay 0.0009% / 1h	44m 49s	$19K	—	3x
Short	Bybit TRUMPUSDT	2.1830	−0.0136	pay 0.0068% / 4h	3h 44m	$30.9M	$49.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$43.71
Price spread: −0.011% → 0.000%: −$1.12
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.84
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago	2.29 bp	11.9 bp −$12	18.8 bp −$188	114.5 bp −$11.4K	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	−0.1765%	1h	2.1710	−0.561%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1811	−0.096%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0148%	4h	2.1850	+0.080%	$7.9M	$51.1M	75x	as long as short
Bybit TRUMPUSDTshort	−0.0136%	4h	2.1830	−0.011%	$30.9M	$49.9M	50x
SoDEX TRUMP-USD	−0.0108%	1h	2.1845	+0.057%	$95	$6K	5x	as long as short
Extended TRUMP-USD	−0.0040%	1h	2.1824	−0.039%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0039%	4h	2.1830	−0.011%	$61.6M	$244.1M	75x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	−0.143%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	−0.052%	$106K	$265K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1836	+0.017%	$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	2.1858	+0.117%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1844	+0.054%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0037%	4h	2.1840	+0.035%	$4K	$176K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1796	−0.165%	$5K	$175	5x	as long as short
Aevo TRUMP-PERPlong	+0.0072%	1h	2.1832	long leg	$19K	—	3x
Lighter TRUMP	+0.0096%	1h	2.1846	+0.062%	$966K	$960K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1842	+0.044%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1869	+0.165%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1819	−0.060%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	−0.057%	$27.8M	$178.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	+0.035%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.035%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	+0.035%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	−0.149%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	−0.011%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1860	+0.126%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1873	+0.185%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1839	+0.028%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0201%	4h	2.1830	−0.011%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1830	−0.011%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0409%	1h	2.1875	+0.195%	$343K	$375K	10x	as long as short