Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0122%/8hpaid last 24h −0.035%

Price spread now: dYdX against Bybit+0.140%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.140% dearer against Bybit than usual: you sell high and buy low (spread +0.140% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1480	0.0100	pay 0.0050% / 4h	22m 28s	$30.0M	$40.9M	50x
Short	dYdX TRUMP-USD	2.1510	−0.0022	pay 0.0003% / 1h	22m 28s	$27K	$485	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$25.71
Price spread: +0.140% → 0.000%: $13.97
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$32.74
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; dYdX: 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 Bybit live order book, 1 min ago	2.33 bp	12.0 bp −$12	18.4 bp −$184	152.3 bp −$15.2K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1937%	1h	2.1380	−0.466%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0394%	1h	2.1525	+0.210%	$1.0M	$2.1M	50x	as long as short
Lighter TRUMP	−0.0360%	1h	2.1504	+0.112%	$963K	$585K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1480	+0.002%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0115%	1h	2.1505	+0.116%	$77	$6K	5x	as long as short
dYdX TRUMP-USDshort	−0.0022%	1h	2.1510	+0.140%	$27K	$485	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1523	+0.200%	$403K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.162%	$41K	—	150x	as long as short
MEXC TRUMP_USDC	+0.0018%	4h	2.1500	+0.093%	$472K	$135K	125x	as long as short
Paradex TRUMP-USD-PERP	+0.0028%	8h	2.1503	+0.107%	$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	−0.058%	$117K	$242K	20x	as long as short
Gate TRUMP_USDT	+0.0038%	4h	2.1510	+0.140%	$7.4M	$44.7M	75x	as long as short
Extended TRUMP-USD	+0.0056%	1h	2.1494	+0.064%	$74K	$472K	25x	as long as short
Binance TRUMPUSDT	+0.0059%	4h	2.1489	+0.043%	$61.6M	$209.3M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.1500	+0.093%	$3K	$249K	10x	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1501	+0.096%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1534	+0.251%	$13.7M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1527	+0.218%	$433K	$824K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1511	+0.146%	$185K	$65K	10x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.1480	long leg	$30.0M	$40.9M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1480	0.000%	$26.6M	$143.2M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	+0.186%	$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	2.1533	+0.247%	$254K	$265K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1425	−0.257%	$666K	$231K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.279%	$191K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1540	+0.279%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.233%	$500K	$1.6M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	2.1513	+0.154%	$11K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0237%	4h	2.1510	+0.140%	$4.2M	$474K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1570	+0.419%	$277K	$397K	50x	as long as short