Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.305%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.292%+$29 · spread now −0.305%, 7d avg −0.027%

Together, before fees+0.306%+ Points / potential airdropAster: Stage 5 · farm board+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.278% cheaper against Aster than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1967	0.0100	pay 0.0050% / 4h	1h 56m	$434K	$829K	20x
Short	Bybit TRUMPUSDT	2.1900	0.0100	get 0.0050% / 4h	1h 56m	$31.5M	$47.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.305%Rate

Funding earned: $0
Price spread: −0.305% → −0.027%: −$27.8
Slippage, 4 orders: −$19.95
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$66.75
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Aster: live order book, 7 min ago; Bybit: live order book, 3 min ago.

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 Aster live order book, 7 min ago	4.55 bp	9.9 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.29 bp	7.8 bp −$8	16.3 bp −$163	112.5 bp −$11.3K	doesn't fit

TRUMP on 30 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	−0.1659%	1h	2.1670	−1.352%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1956	−0.049%	$5	—	10x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1927	−0.182%	$977K	$791K	10x	as long as short
Gate TRUMP_USDT	−0.0078%	4h	2.1910	−0.260%	$7.7M	$48.9M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1926	−0.186%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1964	−0.014%	$413K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1955	−0.054%	$43K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0043%	1h	2.1945	−0.100%	$83	$6K	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1918	−0.221%	$106K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0062%	8h	2.1950	−0.078%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0085%	4h	2.1950	−0.078%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1934	−0.152%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1967	long leg	$434K	$829K	20x
Pacifica TRUMP	+0.0100%	1h	2.1929	−0.173%	$189K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1923	−0.200%	$63.7M	$234.9M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1900	−0.305%	$31.5M	$47.9M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	−0.260%	$28.5M	$168.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1910	−0.260%	$436K	$141K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1970	+0.013%	$4.3M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	−0.214%	$15.7M	$24.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1971	+0.020%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1896	−0.323%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1970	+0.013%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1990	+0.104%	$540K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1940	−0.125%	$76K	$664K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1940	−0.123%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0156%	1h	2.1950	−0.078%	$258K	$314K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1972	+0.021%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0286%	1h	2.1973	+0.027%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.150%	$285K	$303K	50x	as long as short