Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1743%/8h= +190.9% APRpaid last 24h +0.511%

Price spread now: Variational Omni against Injective+0.420%7-day average +0.065% · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.983%+$98 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.420%, 7d avg +0.065%

Together, before fees+0.921%+ Points / potential airdropVariational Omni: Active · farm board+$92 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and Variational Omni is 0.355% dearer against Injective than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TRUMP/USDC PERP	2.1710	−0.1765	get 0.0221% / 1h	44m 49s	$13K	$157K	12x
Short	Variational Omni TRUMP	2.1801	−0.0022	pay 0.0011% / 4h	3h 44m	$676K	$513K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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 InjectivebpFee Variational OmnibpOrdersPrice spread, now +0.420%Rate

Funding earned: $366.09
Price spread: +0.420% → +0.065%: $35.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $401.52
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: live order book, 59 min ago; Variational Omni: RFQ quote, 9 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 Injective live order book, 59 min ago	48.76 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 9 min ago	5.03 bp	doesn't fit	17.8 bp −$178	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 PERPlong	−0.1765%	1h	2.1710	long leg	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1811	+0.467%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0148%	4h	2.1850	+0.645%	$7.9M	$51.1M	75x	as long as short
Bybit TRUMPUSDT	−0.0136%	4h	2.1830	+0.553%	$30.9M	$49.9M	50x	as long as short
SoDEX TRUMP-USD	−0.0108%	1h	2.1845	+0.622%	$95	$6K	5x	as long as short
Extended TRUMP-USD	−0.0040%	1h	2.1824	+0.525%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0039%	4h	2.1830	+0.553%	$61.6M	$244.1M	75x	as long as short
Variational Omni TRUMPshort	−0.0022%	4h	2.1801	+0.420%	$676K	$513K	—
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	+0.512%	$106K	$265K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1836	+0.581%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1858	+0.682%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1844	+0.619%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0037%	4h	2.1840	+0.599%	$4K	$176K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1796	+0.398%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1832	+0.564%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1846	+0.626%	$966K	$960K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1842	+0.608%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1869	+0.730%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1819	+0.504%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	+0.507%	$27.8M	$178.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	+0.599%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.599%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	+0.599%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	+0.415%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.553%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1860	+0.691%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1873	+0.750%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1839	+0.592%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0201%	4h	2.1830	+0.553%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1830	+0.553%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0409%	1h	2.1875	+0.760%	$343K	$375K	10x	as long as short