Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.091%

Price spread now: Coinbase International against Aster+0.403%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$650.645% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)−0.438%−$44 · spread now +0.403%, 7d avg +0.066%

Together, before fees−0.215%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.337% dearer against Aster than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1513	0.0100	pay 0.0050% / 4h	2h 49m	$404K	$801K	20x
Short	Coinbase International TRUMP-PERP-INTX	2.1600	0.0392	get 0.0049% / 1h	49m 43s	$286K	$305K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.403%Rate

Funding earned: $61.32
Price spread: +0.403% → +0.066%: $33.75
Slippage, 4 orders: −$46.53
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $30.54
Costs to cover: 0.645%
Break-even: 3.5 days

Slippage from Aster: live order book, 63 min ago; Coinbase International: live order book, 63 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, 63 min ago	4.58 bp	8.9 bp −$9	28.6 bp −$286	doesn't fit	doesn't fit
Sell Coinbase International live order book, 63 min ago	13.74 bp	22.5 bp −$23	25.3 bp −$253	doesn't fit	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	−0.1827%	1h	2.1420	−0.434%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0538%	1h	2.1475	−0.178%	$84	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0494%	1h	2.1498	−0.071%	$405K	$72K	10x	as long as short
Lighter TRUMP	−0.0424%	1h	2.1470	−0.201%	$949K	$994K	10x	as long as short
Bybit TRUMPUSDT	−0.0323%	4h	2.1490	−0.108%	$30.6M	$50.9M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1507	−0.032%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0234%	8h	2.1482	−0.144%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0210%	4h	2.1490	−0.108%	$7.7M	$52.3M	75x	as long as short
Binance TRUMPUSDT	−0.0209%	4h	2.1490	−0.108%	$60.7M	$246.8M	75x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1469	−0.205%	$74K	$718K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0123%	4h	2.1531	+0.083%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1505	−0.040%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0032%	1h	2.1504	−0.043%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1536	+0.107%	$180K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0020%	4h	2.1510	−0.015%	$5K	$209K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0003%	4h	2.1480	−0.155%	$27.3M	$178.9M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1520	+0.031%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1485	−0.132%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1520	+0.031%	$4.2M	$648K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1494	−0.090%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1513	long leg	$404K	$801K	20x
Pacifica TRUMP	+0.0100%	1h	2.1489	−0.113%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1490	−0.108%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	−0.108%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1490	−0.108%	$15.5M	$26.4M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.171%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	−0.015%	$489K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1519	+0.026%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1500	−0.062%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0371%	1h	2.1504	−0.043%	$381K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0392%	1h	2.1600	+0.403%	$286K	$305K	50x