Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0117%/8h= +12.9% APRpaid last 24h −0.010%

Price spread now: edgeX against Extended+0.087%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.087%, 7d avg +0.039%

Together, before fees−0.011%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.048% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1409	−0.0240	get 0.0030% / 1h	51m 20s	$74K	$742K	25x
Short	edgeX TRUMPUSDC	2.1428	−0.0123	pay 0.0061% / 4h	1h 51m	$105K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $24.66
Price spread: +0.087% → +0.039%: $4.76
Slippage, 4 orders: −$30.21
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$14.79
Costs to cover: 0.442%
Break-even: 11.2 days

Slippage from Extended: live order book, 57 min ago; edgeX: live order book, 56 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, 57 min ago	4.66 bp	7.7 bp −$8	29.5 bp −$295	doesn't fit	doesn't fit
Sell edgeX live order book, 56 min ago	6.99 bp	14.4 bp −$14	40.4 bp −$404	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	−0.1927%	1h	2.1340	−0.323%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1402	−0.035%	$5	—	10x	as long as short
Extended TRUMP-USDlong	−0.0240%	1h	2.1409	long leg	$74K	$742K	25x
Binance TRUMPUSDT	−0.0238%	4h	2.1419	+0.047%	$60.5M	$251.6M	75x	as long as short
Variational Omni TRUMP	−0.0165%	4h	2.1451	+0.196%	$662K	$424K	—	as long as short
edgeX TRUMPUSDCshort	−0.0123%	4h	2.1428	+0.087%	$105K	$264K	20x
Bybit TRUMPUSDT	−0.0113%	4h	2.1410	+0.004%	$30.4M	$52.4M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0105%	8h	2.1373	−0.170%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1410	+0.004%	$7.6M	$53.5M	75x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1444	+0.164%	$1.3M	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRUMP-USDT-SWAP	−0.0091%	4h	2.1410	+0.004%	$26.3M	$184.6M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1400	−0.043%	$5K	$234K	10x	as long as short
BloFin TRUMP-USDT	−0.0005%	4h	2.1450	+0.190%	$4.1M	$687K	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1408	−0.006%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1417	+0.036%	$403K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1420	+0.050%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1398	−0.053%	$19K	—	3x	as long as short
SoDEX TRUMP-USD	+0.0029%	1h	2.1415	+0.027%	$82	$6K	5x	as long as short
Lighter TRUMP	+0.0048%	1h	2.1377	−0.150%	$943K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1422	+0.060%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	+0.050%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1397	−0.058%	$184K	$53K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	−0.043%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1400	−0.043%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1410	+0.004%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1470	+0.284%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1430	+0.097%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	+0.097%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1420	+0.052%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	+0.097%	$205K	$419K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0425%	1h	2.1432	+0.106%	$380K	$415K	10x	as long as short