Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.001%

Price spread now: Aevo against Bitget−0.042%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.042% cheaper against Bitget than usual: you would sell low and buy high (−$4 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	Bitget TRUMPUSDT	2.1400	0.0100	pay 0.0050% / 4h	1h 48m	$15.2M	$27.1M	75x
Short	Aevo TRUMP-PERP	2.1391	0.0024	get 0.0003% / 1h	48m 22s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.042%Rate

Funding earned: −$15.96
Price spread: −0.042% → 0.000%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$48.19
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Aevo: 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 Bitget live order book, 5 min ago	2.33 bp	10.5 bp −$11	15.6 bp −$156	39.4 bp −$3,936	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.1927%	1h	2.1340	−0.280%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1392	−0.039%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0232%	1h	2.1399	−0.004%	$74K	$742K	25x	as long as short
Binance TRUMPUSDT	−0.0232%	4h	2.1401	+0.003%	$60.4M	$252.4M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0170%	1h	2.1408	+0.037%	$403K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0154%	4h	2.1411	+0.054%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0123%	4h	2.1428	+0.130%	$105K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1432	+0.149%	$1.3M	$2.3M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0093%	8h	2.1426	+0.121%	$5K	$175	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0093%	4h	2.1390	−0.047%	$26.4M	$184.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0090%	4h	2.1410	+0.047%	$7.7M	$53.5M	75x	as long as short
Bybit TRUMPUSDT	−0.0075%	4h	2.1410	+0.047%	$30.3M	$52.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1410	+0.047%	$5K	$238K	10x	as long as short
SoDEX TRUMP-USD	−0.0011%	1h	2.1405	+0.023%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1436	+0.170%	$27K	$501	5x	as long as short
BloFin TRUMP-USDT	+0.0006%	4h	2.1420	+0.093%	$4.1M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1415	+0.069%	$40K	—	150x	as long as short
Aevo TRUMP-PERPshort	+0.0024%	1h	2.1391	−0.042%	$19K	—	3x
Lighter TRUMP	+0.0096%	1h	2.1400	0.000%	$944K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1412	+0.056%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1419	+0.086%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1434	+0.159%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	0.000%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1420	+0.093%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1400	long leg	$15.2M	$27.1M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1420	+0.093%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1430	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.047%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1411	+0.051%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	+0.187%	$204K	$420K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0415%	1h	2.1457	+0.266%	$380K	$415K	10x	as long as short