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 +0.002%

Price spread now: Variational Omni against Binance−0.223%7-day average −0.019% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days+0.207%+$21 · spread now −0.223%, 7d avg −0.019%

Together, before fees+0.207%+ Points / potential airdropVariational Omni: Active · farm board+$21 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: Variational Omni is 0.204% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.2000	0.0100	pay 0.0050% / 4h	2h 19m	$64.0M	$236.5M	75x
Short	Variational Omni TRUMP	2.1951	0.0100	get 0.0050% / 4h	2h 19m	$691K	$448K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.223%Rate

Funding earned: $0
Price spread: −0.223% → −0.019%: −$20.44
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$30.44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; Variational Omni: RFQ quote, 50 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 Binance live order book, 9 min ago	2.26 bp	8.9 bp −$9	16.3 bp −$163	41.1 bp −$4,110	272.5 bp −$136.2K
Sell Variational Omni RFQ quote, 50 min ago	4.94 bp	doesn't fit	12.7 bp −$127	doesn't fit	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	−0.1623%	1h	2.1920	−0.364%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1946	−0.245%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1970	−0.136%	$7.8M	$49.3M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1936	−0.292%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1962	−0.173%	$413K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1948	−0.237%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1952	−0.220%	$107K	$263K	20x	as long as short
SoDEX TRUMP-USD	+0.0062%	1h	2.1955	−0.205%	$78	$6K	5x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1944	−0.255%	$976K	$790K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.1948	−0.239%	$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	+0.0086%	4h	2.1950	−0.227%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2000	0.000%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1961	−0.177%	$434K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1958	−0.191%	$189K	$56K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.2000	long leg	$64.0M	$236.5M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1990	−0.045%	$31.6M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2000	0.000%	$28.9M	$171.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1950	−0.227%	$437K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1960	−0.182%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2000	0.000%	$15.7M	$24.3M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1951	−0.223%	$691K	$448K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2029	+0.133%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1960	−0.182%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2020	+0.091%	$558K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1949	−0.231%	$76K	$597K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1949	−0.231%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1947	−0.240%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0271%	1h	2.2011	+0.050%	$257K	$320K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1977	−0.103%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2020	+0.091%	$286K	$305K	50x	as long as short