Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h +0.012%

Price spread now: Paradex against Deribit−0.237%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.237% cheaper against Deribit than usual: you would sell low and buy high (−$24 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	Deribit TRUMP_USDC-PERPETUAL	2.1500	−0.0075	get 0.0009% / 1h	54m 13s	$386K	$73K	10x
Short	Paradex TRUMP-USD-PERP	2.1449	−0.0150	pay 0.0150% / 8h	6h 54m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.237%Rate

Funding earned: −$15.6
Price spread: −0.237% → 0.000%: −$23.69
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$50.3
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 39 min ago; Paradex: 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 Deribit live order book, 39 min ago	6.32 bp	16.6 bp −$17	26.2 bp −$262	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 32 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	−0.1841%	1h	2.1600	+0.465%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1661	+0.748%	$672K	$419K	—	as long as short
Lighter TRUMP	−0.0320%	1h	2.1500	0.000%	$934K	$969K	10x	as long as short
Bybit TRUMPUSDT	−0.0311%	4h	2.1520	+0.093%	$31.1M	$50.6M	50x	as long as short
SoDEX TRUMP-USD	−0.0299%	1h	2.1479	−0.098%	$68	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0256%	4h	2.1510	+0.047%	$27.1M	$180.3M	50x	as long as short
Binance TRUMPUSDT	−0.0250%	4h	2.1509	+0.040%	$63.0M	$245.0M	75x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1479	−0.100%	$76K	$492K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1481	−0.090%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1430	−0.326%	$139K	$508K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0200%	4h	2.1490	−0.047%	$7.7M	$47.7M	75x	as long as short
Paradex TRUMP-USD-PERPshort	−0.0150%	8h	2.1449	−0.237%	$5K	$175	5x
edgeX TRUMPUSDC	−0.0122%	4h	2.1662	+0.754%	$106K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0077%	4h	2.1500	0.000%	$5K	$324K	10x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	−0.0075%	1h	2.1500	long leg	$386K	$73K	10x
KuCoin TRUMPUSDTM	−0.0062%	4h	2.1480	−0.093%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0018%	1h	2.1458	−0.197%	$26K	$2K	5x	as long as short
Bitget TRUMPUSDT	−0.0008%	4h	2.1490	−0.047%	$15.2M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	−0.0006%	4h	2.1500	0.000%	$4.3M	$681K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+1.227%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1532	+0.150%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1474	−0.121%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0042%	4h	2.1500	0.000%	$399K	$147K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0096%	4h	2.1689	+0.881%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1511	+0.051%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1505	+0.024%	$408K	$657K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1455	−0.208%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.093%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	0.000%	$497K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1520	+0.093%	$3K	$44K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0155%	1h	2.1527	+0.126%	$387K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1545	+0.212%	$10K	—	100x	as long as short