Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0718%/8h= −78.6% APRpaid last 24h −0.003%

Price spread now: Paradex against Kraken Futures−0.053%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Paradex is 0.053% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TRUMPUSD	2.1490	0.0598	pay 0.0075% / 1h	3m 59s	$1.3M	$2.3M	50x
Short	Paradex TRUMP-USD-PERP	2.1479	−0.0120	pay 0.0120% / 8h	3m 59s	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$150.8
Price spread: −0.053% → 0.000%: −$5.27
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$170.07
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 min ago; Paradex: no order-book sample. 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 Kraken Futures live order book, 5 min ago	2.32 bp	18.4 bp −$18	28.2 bp −$282	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1797%	1h	2.1380	−0.512%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0402%	1h	2.1465	−0.116%	$404K	$65K	10x	as long as short
SoDEX TRUMP-USD	−0.0394%	1h	2.1455	−0.163%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	−0.037%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1452	−0.176%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0216%	4h	2.1450	−0.186%	$30.4M	$52.2M	50x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1450	−0.187%	$74K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0200%	4h	2.1450	−0.186%	$26.8M	$183.6M	50x	as long as short
Binance TRUMPUSDT	−0.0198%	4h	2.1460	−0.139%	$60.7M	$249.3M	75x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1452	−0.177%	$938K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERPshort	−0.0120%	8h	2.1479	−0.053%	$5K	$175	5x
Gate TRUMP_USDT	−0.0106%	4h	2.1460	−0.139%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1498	+0.038%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0076%	4h	2.1460	−0.139%	$5K	$283K	10x	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1508	+0.083%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	+0.0004%	4h	2.1470	−0.093%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	−0.069%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1440	−0.232%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1490	0.000%	$4.2M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1500	+0.047%	$168K	$482K	50x	as long as short
Bitget TRUMPUSDT	+0.0068%	4h	2.1490	0.000%	$15.4M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1480	−0.046%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1485	−0.022%	$403K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1484	−0.028%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.186%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1502	+0.055%	$175K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	−0.093%	$494K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1470	−0.092%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0295%	1h	2.1491	+0.005%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSDlong	+0.0598%	1h	2.1490	long leg	$1.3M	$2.3M	50x