Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.002%

Price spread now: Pacifica against Orderly+0.173%7-day average +0.030% · you sell dearer than you buy

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

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.173%, 7d avg +0.030%

Together, before fees−0.003%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Pacifica is 0.143% dearer against Orderly than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1920	0.0086	pay 0.0043% / 4h	2h 19m	$4K	$239K	10x
Short	Pacifica TRUMP	2.1958	0.0100	get 0.0013% / 1h	19m 34s	$189K	$56K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Orderly. 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 OrderlybpFee PacificabpOrdersPrice spread, now +0.173%Rate

Funding earned: $2.96
Price spread: +0.173% → +0.030%: $14.34
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $3.3
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 48 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 Pacifica live order book, 48 min ago	10.70 bp	23.2 bp −$23	doesn't fit	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 30 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	2.1920	0.000%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1926	+0.029%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1940	+0.091%	$7.8M	$49.3M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1936	+0.072%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1926	+0.027%	$413K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1934	+0.065%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1952	+0.144%	$107K	$263K	20x	as long as short
SoDEX TRUMP-USD	+0.0057%	1h	2.1915	−0.023%	$77	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.1948	+0.126%	$5K	$175	5x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1953	+0.151%	$976K	$790K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDClong	+0.0086%	4h	2.1920	long leg	$4K	$239K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1985	+0.298%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1977	+0.262%	$435K	$861K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1958	+0.173%	$189K	$56K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1960	+0.182%	$63.9M	$236.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1950	+0.137%	$31.6M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1940	+0.091%	$28.9M	$170.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1950	+0.137%	$437K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1970	+0.228%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1950	+0.137%	$15.7M	$24.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1951	+0.141%	$691K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2029	+0.499%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1950	+0.137%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1960	+0.182%	$556K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1944	+0.110%	$76K	$597K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1910	−0.046%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1934	+0.064%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0271%	1h	2.1970	+0.228%	$257K	$320K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1944	+0.108%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2020	+0.456%	$286K	$305K	50x	as long as short