Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Pacifica against Binance+0.034%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.034%, 7d avg +0.018%

Together, before fees+0.149%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1890	0.0100	pay 0.0050% / 4h	1h 05m	$62.4M	$220.6M	75x
Short	Pacifica TRUMP	2.1897	0.0100	get 0.0013% / 1h	5m 36s	$189K	$59K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.018%: $1.61
Slippage, 4 orders: −$29.38
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.78
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Pacifica: live order book, 12 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 Binance live order book, 8 min ago	2.29 bp	7.8 bp −$8	13.5 bp −$135	39.0 bp −$3,897	252.9 bp −$126.4K
Sell Pacifica live order book, 12 min ago	4.57 bp	19.8 bp −$20	doesn't fit	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	−0.1472%	1h	2.1800	−0.411%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1927	+0.169%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1904	+0.064%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1926	+0.164%	$411K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1926	+0.164%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1867	−0.106%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1910	+0.091%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0094%	8h	2.1893	+0.015%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1883	−0.032%	$985K	$724K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1909	+0.087%	$14.1M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1904	+0.064%	$455K	$834K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1897	+0.034%	$189K	$59K	10x
Binance TRUMPUSDTlong	+0.0100%	4h	2.1890	long leg	$62.4M	$220.6M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1890	0.000%	$30.5M	$43.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	0.000%	$26.9M	$150.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1890	0.000%	$7.4M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.046%	$481K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1900	+0.046%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.046%	$15.5M	$21.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1882	−0.036%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1911	+0.097%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1950	+0.274%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1918	+0.128%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1940	+0.228%	$529K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1891	+0.003%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1915	+0.114%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1930	+0.181%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	+0.091%	$4.2M	$626K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0341%	1h	2.1937	+0.215%	$259K	$274K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1890	0.000%	$282K	$401K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1944	+0.248%	$1.3M	$2.5M	50x	as long as short