Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: MEXC against dYdX−0.168%47s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on MEXC

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

Funding pays, the price is against you. MEXC is 0.168% cheaper against dYdX than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.6 days of funding at the current rate (+$3 a day). The two prices were read 47 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	dYdX TRUMP-USD	2.1837	0	get 0.0000% / 1h	12m 58s	$27K	$485	5x
Short	MEXC TRUMP_USDC	2.1800	0.0100	get 0.0050% / 4h	12m 58s	$472K	$134K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. 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 dYdXbpFee MEXCbpOrdersPrice spread, now −0.168%Rate

Funding earned: $21
Price spread: −0.168% → 0.000%: −$16.82
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$5.82
Costs to cover: 0.100%
Break-even: 8.9 days

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 56 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 56 min ago	2.28 bp	9.8 bp −$10	34.5 bp −$345	138.0 bp −$13.8K	doesn't fit

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	−0.1537%	1h	2.1770	−0.306%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1814	−0.102%	$5	—	10x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.1837	long leg	$27K	$485	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1822	−0.067%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1823	−0.062%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1848	+0.054%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1820	−0.077%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1810	−0.122%	$978K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0097%	8h	2.1815	−0.100%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1803	−0.154%	$453K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1836	−0.006%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1820	−0.077%	$62.7M	$226.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1820	−0.077%	$30.7M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	−0.031%	$27.1M	$152.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	−0.077%	$7.4M	$48.7M	75x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1800	−0.168%	$472K	$134K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	−0.122%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	−0.168%	$15.4M	$21.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.115%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1885	+0.222%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1850	+0.061%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1815	−0.099%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1850	+0.061%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1801	−0.164%	$75K	$467K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1805	−0.145%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1820	−0.075%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0248%	1h	2.1826	−0.049%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	+0.107%	$4.2M	$641K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+1.022%	$285K	$390K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0470%	1h	2.1826	−0.049%	$255K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0875%	1h	2.1837	+0.003%	$1.3M	$2.5M	50x	as long as short