Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0247%/8hpaid last 24h −0.102%

Price spread now: Deribit against BloFin+0.009%57s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.472% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.520%−$52 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.009%, 7d avg +0.026%

Together, before fees−0.534%−$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.1520	0.0247	pay 0.0124% / 4h	23m 34s	$4.2M	$475K	75x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1522	0	get 0.0000% / 1h	23m 34s	$403K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$51.88
Price spread: +0.009% → +0.026%: −$1.69
Slippage, 4 orders: −$28.16
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$100.73
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; Deribit: live order book, 9 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 BloFin live order book, 9 min ago	2.34 bp	8.3 bp −$8	9.7 bp −$97	24.5 bp −$2,450	doesn't fit
Sell Deribit live order book, 9 min ago	7.24 bp	10.7 bp −$11	20.5 bp −$205	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	−0.1937%	1h	2.1350	−0.790%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0394%	1h	2.1521	+0.003%	$1.0M	$2.1M	50x	as long as short
Lighter TRUMP	−0.0360%	1h	2.1493	−0.125%	$962K	$585K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1490	−0.140%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0133%	1h	2.1508	−0.056%	$77	$6K	5x	as long as short
dYdX TRUMP-USD	−0.0023%	1h	2.1510	−0.046%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1522	+0.009%	$403K	$76K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1538	+0.085%	$41K	—	150x	as long as short
MEXC TRUMP_USDC	+0.0018%	4h	2.1490	−0.139%	$472K	$135K	125x	as long as short
Paradex TRUMP-USD-PERP	+0.0028%	8h	2.1491	−0.134%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0031%	4h	2.1467	−0.244%	$117K	$242K	20x	as long as short
Gate TRUMP_USDT	+0.0038%	4h	2.1500	−0.093%	$7.4M	$44.7M	75x	as long as short
Binance TRUMPUSDT	+0.0059%	4h	2.1500	−0.093%	$61.6M	$209.3M	75x	as long as short
Extended TRUMP-USD	+0.0064%	1h	2.1489	−0.146%	$74K	$472K	25x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.1530	+0.046%	$3K	$249K	10x	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1515	−0.023%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1522	+0.010%	$13.7M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1522	+0.009%	$433K	$824K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1498	−0.102%	$185K	$65K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1490	−0.139%	$30.0M	$40.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1490	−0.139%	$26.6M	$143.2M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	0.000%	$4.4M	$9.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1500	−0.093%	$15.2M	$19.9M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1531	+0.051%	$254K	$265K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1425	−0.442%	$666K	$231K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.093%	$191K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.139%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1540	+0.093%	$500K	$1.6M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	2.1539	+0.089%	$11K	—	100x	as long as short
BloFin TRUMP-USDTlong	+0.0247%	4h	2.1520	long leg	$4.2M	$475K	75x
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1570	+0.232%	$277K	$397K	50x	as long as short