Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.002%

Price spread now: Extended against Orderly−0.092%7-day average −0.031% · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.092%, 7d avg −0.031%

Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.061% cheaper against Orderly than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.031%). If the spread goes back, that is −$6 on $10k: about 12 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1980	0.0087	pay 0.0044% / 4h	2h 38m	$3K	$237K	10x
Short	Extended TRUMP-USD	2.1960	0.0104	get 0.0013% / 1h	38m 07s	$76K	$599K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.092%Rate

Funding earned: $3.5
Price spread: −0.092% → −0.031%: −$6.07
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$13.57
Costs to cover: 0.110%
Break-even: 34.2 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 30 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 30 min ago	4.46 bp	7.5 bp −$8	30.1 bp −$301	doesn't fit	doesn't fit

Orderly: 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	−0.1623%	1h	2.1980	0.000%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2027	+0.212%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0023%	1h	2.1974	−0.027%	$414K	$80K	10x	as long as short
Gate TRUMP_USDT	−0.0018%	4h	2.1960	−0.091%	$7.8M	$48.8M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2056	+0.344%	$28K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1995	+0.068%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2246	+1.211%	$108K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2044	+0.290%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0087%	4h	2.1980	long leg	$3K	$237K	10x
SoDEX TRUMP-USD	+0.0094%	1h	2.1958	−0.100%	$80	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.1958	−0.100%	$976K	$789K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2013	+0.150%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1980	0.000%	$435K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2050	+0.318%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2018	+0.171%	$63.9M	$236.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2010	+0.136%	$31.5M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2000	+0.091%	$28.8M	$169.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1940	−0.182%	$437K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1960	−0.091%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1980	0.000%	$15.7M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.417%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2068	+0.400%	$181K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2010	+0.136%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2010	+0.136%	$564K	$2.0M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.1960	−0.092%	$76K	$599K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1917	−0.285%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.1991	+0.050%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0305%	1h	2.1984	+0.018%	$257K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+1.137%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1979	−0.006%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.546%	$286K	$307K	50x	as long as short