Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.030%7-day average +0.016% · you sell dearer than you buy

to open and close $10k−$32fees + slippage, both legs, in and out

costs, in % of the position0.324%what the two incomes have to cover

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.030%, 7d avg +0.016%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1450	0.0100	pay 0.0050% / 4h	52m 25s	$26.6M	$142.3M	50x
Short	Binance TRUMPUSDT	2.1457	0.0100	get 0.0050% / 4h	52m 25s	$61.4M	$207.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.016%: $1.47
Slippage, 4 orders: −$12.41
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.95
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 7 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 OKX live order book, 3 min ago	2.33 bp	7.3 bp −$7	12.9 bp −$129	41.9 bp −$4,190	doesn't fit
Sell Binance live order book, 7 min ago	2.32 bp	7.3 bp −$7	11.6 bp −$116	35.1 bp −$3,507	210.8 bp −$105.4K

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	−0.1937%	1h	2.1340	−0.513%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0395%	1h	2.1441	−0.043%	$1.0M	$2.0M	50x	as long as short
Lighter TRUMP	−0.0336%	1h	2.1442	−0.037%	$958K	$583K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1444	−0.026%	$5	—	10x	as long as short
dYdX TRUMP-USD	−0.0028%	1h	2.1450	+0.001%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1443	−0.033%	$402K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1459	+0.041%	$40K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0034%	1h	2.1427	−0.107%	$79	$6K	5x	as long as short
MEXC TRUMP_USDC	+0.0038%	4h	2.1450	0.000%	$474K	$132K	125x	as long as short
Gate TRUMP_USDT	+0.0050%	4h	2.1460	+0.047%	$7.4M	$44.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1432	−0.085%	$117K	$242K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0060%	8h	2.1458	+0.036%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.1440	−0.047%	$3K	$249K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1468	+0.084%	$13.6M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1446	−0.019%	$421K	$806K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1456	+0.028%	$185K	$69K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.1457	+0.030%	$61.4M	$207.6M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1450	0.000%	$29.9M	$40.7M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1450	long leg	$26.6M	$142.3M	50x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1460	+0.047%	$4.4M	$9.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1460	+0.047%	$15.2M	$19.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1465	+0.071%	$668K	$230K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1437	−0.060%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	0.000%	$1K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.093%	$497K	$1.6M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1463	+0.061%	$74K	$472K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1430	−0.093%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0167%	1h	2.1459	+0.042%	$253K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	2.1460	+0.049%	$11K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1610	+0.746%	$277K	$398K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1420	−0.140%	$4.2M	$466K	75x	as long as short