Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0124%/8h= −13.5% APRpaid last 24h −0.013%

Price spread now: Paradex against Orderly+0.035%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread pays, funding is against you. Paradex is 0.035% dearer against Orderly than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1550	−0.0076	get 0.0038% / 4h	2h 09m	$5K	$310K	10x
Short	Paradex TRUMP-USD-PERP	2.1557	−0.0200	pay 0.0200% / 8h	6h 09m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$25.96
Price spread: +0.035% → 0.000%: $3.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$32.49
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and 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 32 exchanges

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	−0.1841%	1h	2.1600	+0.232%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0359%	4h	2.1550	+0.001%	$669K	$403K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0328%	4h	2.1570	+0.093%	$27.3M	$176.1M	50x	as long as short
Bybit TRUMPUSDT	−0.0322%	4h	2.1570	+0.093%	$31.4M	$49.2M	50x	as long as short
SoDEX TRUMP-USD	−0.0312%	1h	2.1555	+0.023%	$67	$6K	5x	as long as short
Extended TRUMP-USD	−0.0304%	1h	2.1558	+0.037%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0300%	4h	2.1580	+0.139%	$63.4M	$240.0M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1533	−0.080%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.139%	$132K	$517K	50x	as long as short
Gate TRUMP_USDT	−0.0228%	4h	2.1570	+0.093%	$7.8M	$48.6M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0224%	1h	2.1556	+0.028%	$931K	$981K	10x	as long as short
Paradex TRUMP-USD-PERPshort	−0.0200%	8h	2.1557	+0.035%	$5K	$175	5x
edgeX TRUMPUSDC	−0.0150%	4h	2.1551	+0.005%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0128%	4h	2.1570	+0.093%	$4.2M	$10.2M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0121%	1h	2.1564	+0.065%	$387K	$78K	10x	as long as short
MEXC TRUMP_USDC	−0.0112%	4h	2.1550	0.000%	$393K	$152K	125x	as long as short
Orderly PERP_TRUMP_USDClong	−0.0076%	4h	2.1550	long leg	$5K	$310K	10x
BloFin TRUMP-USDT	−0.0061%	4h	2.1560	+0.046%	$4.3M	$674K	75x	as long as short
Bitget TRUMPUSDT	−0.0018%	4h	2.1570	+0.093%	$15.4M	$25.6M	75x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1556	+0.028%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1539	−0.053%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1573	+0.107%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1590	+0.184%	$1.3M	$2.1M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0036%	4h	2.1555	+0.023%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1577	+0.125%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1573	+0.106%	$407K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1577	+0.125%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1570	+0.093%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.139%	$496K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1560	+0.046%	$105K	$270K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0189% / S −0.0184%	1h	2.1568	+0.084%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0237%	1h	2.1592	+0.195%	$386K	$400K	10x	as long as short