Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h 0.000%

Price spread now: Pacifica against Bybit+0.068%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.068%, 7d avg +0.023%

Together, before fees+0.056%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Pacifica is 0.045% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.023%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1400	−0.0120	get 0.0060% / 4h	36m 27s	$30.4M	$52.5M	50x
Short	Pacifica TRUMP	2.1414	0.0100	get 0.0013% / 1h	36m 27s	$184K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.068%Rate

Funding earned: $46.12
Price spread: +0.068% → +0.023%: $4.48
Slippage, 4 orders: −$28.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $2.61
Costs to cover: 0.480%
Break-even: 6.6 days

Slippage from Bybit: live order book, 2 min ago; Pacifica: live order book, 1 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 Bybit live order book, 2 min ago	2.33 bp	10.5 bp −$10	16.7 bp −$167	95.4 bp −$9,544	doesn't fit
Sell Pacifica live order book, 1 min ago	5.13 bp	18.8 bp −$19	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	−0.1797%	1h	2.1310	−0.421%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0301%	1h	2.1395	−0.023%	$80	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1396	−0.019%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0217%	1h	2.1407	+0.033%	$403K	$81K	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1396	−0.019%	$935K	$1.0M	10x	as long as short
Binance TRUMPUSDT	−0.0169%	4h	2.1403	+0.012%	$60.6M	$250.9M	75x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1399	−0.004%	$76K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0163%	4h	2.1400	0.000%	$26.6M	$183.9M	50x	as long as short
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.611%	$665K	$423K	—	as long as short
Bybit TRUMPUSDTlong	−0.0120%	4h	2.1400	long leg	$30.4M	$52.5M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0114%	4h	2.1410	+0.047%	$7.6M	$53.2M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0082%	8h	2.1385	−0.071%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1453	+0.246%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1400	0.000%	$5K	$270K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1420	+0.093%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1424	+0.113%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0032%	4h	2.1400	0.000%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1400	0.000%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1410	+0.047%	$170K	$464K	50x	as long as short
BloFin TRUMP-USDT	+0.0073%	4h	2.1390	−0.047%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1417	+0.079%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	+0.093%	$402K	$778K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1414	+0.068%	$184K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	0.000%	$398K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1390	−0.047%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	+0.321%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1420	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.047%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1420	+0.091%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0291%	1h	2.1446	+0.215%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1422	+0.104%	$1.3M	$2.3M	50x	as long as short