Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h −0.001%

Price spread now: Aevo against OKX−0.013%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1480	−0.0097	get 0.0048% / 4h	1h 25m	$26.5M	$185.3M	50x
Short	Aevo TRUMP-PERP	2.1477	0.0032	get 0.0004% / 1h	25m 44s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.013%Rate

Funding earned: $27.09
Price spread: −0.013% → 0.000%: −$1.35
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$0.26
Costs to cover: 0.260%
Break-even: 7.1 days

Slippage unknown: OKX: live order book, 3 min ago; Aevo: 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 OKX live order book, 3 min ago	2.34 bp	7.3 bp −$7	11.6 bp −$116	35.6 bp −$3,556	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.1927%	1h	2.1320	−0.745%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1492	+0.054%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0193%	4h	2.1490	+0.047%	$60.6M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1480	−0.001%	$74K	$572K	25x	as long as short
Variational Omni TRUMP	−0.0135%	4h	2.1481	+0.006%	$663K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0100%	4h	2.1400	−0.371%	$104K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1524	+0.203%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0097%	4h	2.1480	long leg	$26.5M	$185.3M	50x
Bybit TRUMPUSDT	−0.0067%	4h	2.1490	+0.047%	$30.5M	$52.6M	50x	as long as short
Gate TRUMP_USDT	−0.0064%	4h	2.1480	0.000%	$7.7M	$53.7M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1490	+0.047%	$5K	$248K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0046%	8h	2.1464	−0.077%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1504	+0.112%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1502	+0.102%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	0.0000%	1h	2.1499	+0.088%	$82	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1505	+0.116%	$41K	—	150x	as long as short
Aevo TRUMP-PERPshort	+0.0032%	1h	2.1477	−0.013%	$19K	—	3x
BloFin TRUMP-USDT	+0.0045%	4h	2.1410	−0.326%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1476	−0.019%	$948K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1466	−0.065%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1484	+0.018%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1494	+0.066%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	−0.047%	$399K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1470	−0.047%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	−0.047%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.419%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.186%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	+0.186%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1449	−0.146%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	−0.233%	$203K	$424K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0396%	1h	2.1535	+0.256%	$381K	$417K	10x	as long as short