Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Extended−0.063%7-day average +0.045% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.063%, 7d avg +0.045%

Together, before fees−0.128%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.108% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1755	0.0104	pay 0.0013% / 1h	48m 51s	$75K	$502K	25x
Short	Variational Omni TRUMP	2.1742	0.0100	get 0.0050% / 4h	3h 48m	$636K	$377K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.063%Rate

Funding earned: −$0.84
Price spread: −0.063% → +0.045%: −$10.81
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.65
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 24 min ago; Variational Omni: RFQ quote, 25 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 Extended live order book, 24 min ago	6.88 bp	9.8 bp −$10	29.9 bp −$299	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 25 min ago	5.02 bp	doesn't fit	14.9 bp −$149	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	2.1650	−0.485%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1767	+0.052%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1747	−0.041%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1777	+0.099%	$408K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1766	+0.048%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1788	+0.149%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1770	+0.067%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1763	+0.035%	$973K	$715K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1756	+0.002%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1781	+0.120%	$454K	$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	2.1768	+0.059%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1762	+0.031%	$62.4M	$226.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1770	+0.067%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	+0.067%	$26.9M	$152.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1760	+0.021%	$7.4M	$46.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1760	+0.021%	$472K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1780	+0.113%	$4.0M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	+0.067%	$15.6M	$22.2M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1742	−0.063%	$636K	$377K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	+0.205%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.159%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1775	+0.090%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1820	+0.297%	$551K	$1.9M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1755	long leg	$75K	$502K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1769	+0.064%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0212%	1h	2.1794	+0.177%	$14.1M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1771	+0.073%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	+0.021%	$4.2M	$625K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0409%	1h	2.1793	+0.173%	$256K	$283K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1760	+0.021%	$281K	$383K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0790%	1h	2.1801	+0.208%	$1.3M	$2.5M	50x	as long as short