Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0574%/8h= +62.9% APRpaid last 24h +0.100%

Price spread now: Coinbase International against edgeX−1.085%7-day average +0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 3 days (all we have)+1.130%+$113 · spread now −1.085%, 7d avg +0.096%

Together, before fees+1.381%+ Points / potential airdropedgeX: Active · farm board+$138 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 1.181% cheaper against edgeX than usual: you would sell low and buy high (spread −1.085% now, against its 7-day average of +0.096%). If the spread goes back, that is −$118 on $10k: about 6.9 days of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.251% in total) that is about 33 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.251% in total (about 13.1% 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	edgeX TRUMPUSDC	2.2029	0.0050	pay 0.0025% / 4h	3h 24m	$120K	$249K	20x
Short	Coinbase International TRUMP-PERP-INTX	2.1790	0.0624	get 0.0078% / 1h	24m 48s	$283K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now −1.085%Rate

Funding earned: $120.54
Price spread: −1.085% → +0.096%: −$118.05
Slippage, 4 orders: −$55.71
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$72.22
Costs to cover: 0.747%
Break-even: 11.2 days

Slippage from edgeX: live order book, 48 min ago; Coinbase International: live order book, 48 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 edgeX live order book, 48 min ago	6.87 bp	14.3 bp −$14	38.6 bp −$386	doesn't fit	doesn't fit
Sell Coinbase International live order book, 48 min ago	13.72 bp	22.4 bp −$22	24.9 bp −$249	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	−0.1608%	1h	2.1910	−0.540%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2117	+0.398%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2176	+0.670%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2138	+0.495%	$415K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2136	+0.484%	$42K	—	150x	as long as short
edgeX TRUMPUSDClong	+0.0050%	4h	2.2029	long leg	$120K	$249K	20x
Lighter TRUMP	+0.0096%	1h	2.2163	+0.609%	$984K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2120	+0.413%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2104	+0.339%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2179	+0.680%	$462K	$836K	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	2.2172	+0.652%	$191K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2170	+0.640%	$63.3M	$222.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2180	+0.686%	$31.1M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2180	+0.686%	$27.5M	$155.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2170	+0.640%	$7.7M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2160	+0.595%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2160	+0.595%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2170	+0.640%	$16.2M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	+0.329%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2052	+0.106%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2140	+0.504%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2148	+0.541%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2170	+0.640%	$560K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2170	+0.640%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2120	+0.413%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0164%	1h	2.2194	+0.748%	$14.4M	$6.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2133	+0.474%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2170	+0.640%	$4.2M	$632K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0462%	1h	2.2197	+0.763%	$282K	$289K	10x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0624%	1h	2.1790	−1.085%	$283K	$271K	50x
Kraken Futures PF_TRUMPUSD	+0.0777%	1h	2.2174	+0.661%	$1.3M	$2.5M	50x	as long as short