Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Pacifica−0.028%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.028%, 7d avg +0.003%

Together, before fees−0.067%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.031% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1730	0.0100	pay 0.0013% / 1h	4m 10s	$187K	$60K	10x
Short	Aster TRUMPUSDT	2.1724	0.0100	get 0.0050% / 4h	2h 04m	$454K	$832K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.003%: −$3.06
Slippage, 4 orders: −$35.56
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$54.62
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from Pacifica: live order book, 19 min ago; Aster: live order book, 19 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 Pacifica live order book, 19 min ago	7.08 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 19 min ago	2.28 bp	8.0 bp −$8	21.6 bp −$216	doesn't fit	doesn't fit

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	−0.1787%	1h	2.1730	0.000%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1719	−0.050%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1762	+0.147%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1720	−0.046%	$407K	$79K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1729	−0.005%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1728	−0.011%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1842	+0.517%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1711	−0.088%	$966K	$665K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.1724	−0.026%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1720	−0.046%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1734	+0.018%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1724	−0.028%	$454K	$832K	20x
Pacifica TRUMPlong	+0.0100%	1h	2.1730	long leg	$187K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1730	0.000%	$61.8M	$215.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1730	0.000%	$30.3M	$42.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	+0.184%	$26.6M	$147.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1720	−0.046%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1710	−0.092%	$477K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1730	0.000%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1730	0.000%	$15.4M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1764	+0.156%	$679K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1821	+0.419%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1750	+0.092%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1725	−0.023%	$69	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1750	+0.092%	$512K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1718	−0.057%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1710	−0.092%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0150%	1h	2.1755	+0.115%	$260K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1716	−0.063%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.598%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1730	0.000%	$4.2M	$500K	75x	as long as short