Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Aster against Extended+0.086%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.086%, 7d avg +0.066%

Together, before fees+0.086%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.2161	0.0104	pay 0.0013% / 1h	46m 10s	$76K	$471K	25x
Short	Aster TRUMPUSDT	2.2180	0.0100	get 0.0050% / 4h	46m 10s	$462K	$835K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$0.84
Price spread: +0.086% → +0.066%: $1.99
Slippage, 4 orders: −$26.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.31
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Extended: live order book, 32 min ago; Aster: live order book, 32 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 Extended live order book, 32 min ago	6.87 bp	9.8 bp −$10	32.5 bp −$325	doesn't fit	doesn't fit
Sell Aster live order book, 32 min ago	4.57 bp	9.9 bp −$10	21.8 bp −$218	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	−0.1537%	1h	2.2030	−0.591%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2152	−0.040%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2127	−0.153%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2175	+0.063%	$416K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2176	+0.068%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2151	−0.043%	$121K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2170	+0.041%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2140	−0.095%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2156	−0.023%	$993K	$738K	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.2180	+0.086%	$462K	$835K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2138	−0.105%	$190K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2168	+0.031%	$63.9M	$223.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2160	−0.005%	$31.1M	$44.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2160	−0.005%	$27.4M	$153.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2160	−0.005%	$7.5M	$47.9M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2160	−0.005%	$485K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2170	+0.041%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2170	+0.041%	$15.8M	$21.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2172	+0.051%	$624K	$348K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.131%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2190	+0.131%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2167	+0.027%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2200	+0.176%	$568K	$1.9M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.2161	long leg	$76K	$471K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.2167	+0.028%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2172	+0.048%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2080	−0.366%	$4.2M	$637K	75x	as long as short
Hyperliquid TRUMP	+0.0347%	1h	2.2185	+0.108%	$14.3M	$7.5M	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2240	+0.356%	$287K	$403K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0605%	1h	2.2140	−0.095%	$261K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0861%	1h	2.2194	+0.149%	$1.3M	$2.5M	50x	as long as short