Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.004%

Price spread now: Paradex against Aster−0.127%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Paradex is 0.127% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1222	0.0100	pay 0.0050% / 4h	2h 26m	$399K	$801K	20x
Short	Paradex TRUMP-USD-PERP	2.1195	−0.0228	pay 0.0228% / 8h	2h 26m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$68.94
Price spread: −0.127% → 0.000%: −$12.73
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$93.67
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 21 min ago; Paradex: no order-book sample. 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 Aster live order book, 21 min ago	4.66 bp	8.7 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1827%	1h	2.1080	−0.671%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0496%	1h	2.1188	−0.162%	$937K	$999K	10x	as long as short
SoDEX TRUMP-USD	−0.0438%	1h	2.1179	−0.204%	$83	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0371%	4h	2.1190	−0.153%	$29.8M	$51.7M	50x	as long as short
Binance TRUMPUSDT	−0.0272%	4h	2.1199	−0.111%	$59.7M	$250.3M	75x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1184	−0.181%	$76K	$746K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0269%	1h	2.1170	−0.247%	$399K	$72K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1202	−0.097%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERPshort	−0.0228%	8h	2.1195	−0.127%	$5K	$175	5x
Gate TRUMP_USDT	−0.0188%	4h	2.1200	−0.105%	$7.6M	$53.3M	75x	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	−0.0182%	4h	2.1212	−0.050%	$655K	$426K	—	as long as short
edgeX TRUMPUSDC	−0.0132%	4h	2.1264	+0.196%	$104K	$263K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0074%	4h	2.1180	−0.200%	$26.5M	$179.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0044%	4h	2.1170	−0.247%	$5K	$223K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1215	−0.034%	$175K	$4.7M	10x	as long as short
BloFin TRUMP-USDT	−0.0030%	4h	2.1160	−0.294%	$4.1M	$682K	75x	as long as short
dYdX TRUMP-USD	−0.0021%	1h	2.1202	−0.096%	$26K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1190	−0.153%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1160	−0.294%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1208	−0.068%	$13.3M	$8.1M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1222	long leg	$399K	$801K	20x
Pacifica TRUMP	+0.0100%	1h	2.1197	−0.118%	$182K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1200	−0.105%	$395K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1190	−0.153%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1200	−0.105%	$15.1M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1210	−0.058%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1180	−0.200%	$475K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1195	−0.129%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0163%	1h	2.1215	−0.035%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1205	−0.084%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1150	−0.341%	$242K	$332K	50x	as long as short