Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0117%/8h= −12.9% APRpaid last 24h −0.020%

Price spread now: edgeX against Aevo+0.029%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on edgeX

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 airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.029% dearer against Aevo than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.1582	0.0048	pay 0.0006% / 1h	6m 28s	$19K	—	3x
Short	edgeX TRUMPUSDC	2.1588	−0.0069	pay 0.0035% / 4h	3h 06m	$105K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$24.66
Price spread: +0.029% → 0.000%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.77
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 46 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 edgeX live order book, 46 min ago	6.88 bp	14.4 bp −$14	40.9 bp −$409	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	−0.1765%	1h	2.1520	−0.288%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0372%	1h	2.1600	+0.083%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0249%	8h	2.1608	+0.121%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1611	+0.135%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0213%	1h	2.1604	+0.102%	$407K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0171%	4h	2.1610	+0.129%	$30.7M	$50.5M	50x	as long as short
Binance TRUMPUSDT	−0.0155%	4h	2.1605	+0.104%	$61.1M	$246.3M	75x	as long as short
Extended TRUMP-USD	−0.0152%	1h	2.1599	+0.081%	$77K	$718K	25x	as long as short
Gate TRUMP_USDT	−0.0126%	4h	2.1620	+0.176%	$7.8M	$52.4M	75x	as long as short
edgeX TRUMPUSDCshort	−0.0069%	4h	2.1588	+0.029%	$105K	$264K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0048%	1h	2.1621	+0.180%	$955K	$977K	10x	as long as short
Variational Omni TRUMP	−0.0046%	4h	2.1631	+0.227%	$669K	$447K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	+0.204%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	0.0000%	4h	2.1590	+0.037%	$5K	$199K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1615	+0.153%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0010%	4h	2.1561	−0.100%	$181K	$4.6M	10x	as long as short
Aevo TRUMP-PERPlong	+0.0048%	1h	2.1582	long leg	$19K	—	3x
OKX TRUMP-USDT-SWAP	+0.0066%	4h	2.1610	+0.129%	$27.7M	$179.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0088%	4h	2.1600	+0.083%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1642	+0.278%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1616	+0.157%	$407K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1636	+0.250%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1630	+0.222%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1630	+0.222%	$4.3M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1630	+0.222%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1620	+0.176%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	+0.129%	$492K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1610	+0.128%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1630	+0.220%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0192%	1h	2.1638	+0.259%	$384K	$402K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1750	+0.778%	$284K	$278K	50x	as long as short