Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.091%

Price spread now: Aster against Coinbase International−0.451%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$650.645% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)+0.477%+$48 · spread now −0.451%, 7d avg −0.060%

Together, before fees+0.253%+ Points / potential airdropAster: Stage 5 · farm board+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.391% cheaper against Coinbase International than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1600	0.0392	pay 0.0049% / 1h	49m 03s	$281K	$305K	50x
Short	Aster TRUMPUSDT	2.1503	0.0100	get 0.0050% / 4h	2h 49m	$404K	$801K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.451%Rate

Funding earned: −$61.32
Price spread: −0.451% → −0.060%: −$39.14
Slippage, 4 orders: −$46.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$164.98
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 64 min ago; Aster: live order book, 64 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 Coinbase International live order book, 64 min ago	13.74 bp	23.2 bp −$23	31.7 bp −$317	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	4.58 bp	9.9 bp −$10	26.4 bp −$264	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	−0.1827%	1h	2.1360	−1.111%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0548%	1h	2.1470	−0.602%	$84	$6K	5x	as long as short
Lighter TRUMP	−0.0456%	1h	2.1466	−0.620%	$949K	$994K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0355%	1h	2.1492	−0.500%	$405K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0333%	4h	2.1470	−0.602%	$30.6M	$50.9M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1472	−0.595%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0234%	8h	2.1482	−0.545%	$5K	$175	5x	as long as short
Binance TRUMPUSDT	−0.0209%	4h	2.1480	−0.556%	$60.6M	$247.3M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1469	−0.606%	$74K	$718K	25x	as long as short
Gate TRUMP_USDT	−0.0198%	4h	2.1480	−0.556%	$7.7M	$52.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0123%	4h	2.1531	−0.318%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1505	−0.442%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0032%	1h	2.1504	−0.444%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1530	−0.324%	$180K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0022%	4h	2.1480	−0.556%	$5K	$209K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0001%	4h	2.1480	−0.556%	$27.3M	$178.9M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1505	−0.438%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0031%	4h	2.1460	−0.648%	$4.2M	$644K	75x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1465	−0.625%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1488	−0.519%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1503	−0.451%	$404K	$801K	20x
Pacifica TRUMP	+0.0100%	1h	2.1489	−0.514%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	−0.556%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	−0.509%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1480	−0.556%	$15.5M	$26.4M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	−0.370%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	−0.463%	$489K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1509	−0.421%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1502	−0.453%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0336%	1h	2.1512	−0.407%	$381K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0392%	1h	2.1600	long leg	$281K	$305K	50x