Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Pacifica+0.141%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.141%, 7d avg −0.023%

Together, before fees−0.270%+ Points / potential airdropPacifica: Active · farm board−$27 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: Bybit is 0.165% dearer against Pacifica than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1929	0.0100	pay 0.0013% / 1h	56m 30s	$189K	$56K	10x
Short	Bybit TRUMPUSDT	2.1960	0.0100	get 0.0050% / 4h	1h 56m	$31.6M	$47.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → −0.023%: $16.46
Slippage, 4 orders: −$33.44
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.98
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from Pacifica: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago	9.35 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.29 bp	7.8 bp −$8	16.3 bp −$163	112.5 bp −$11.3K	doesn't fit

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	−0.1659%	1h	2.1670	−1.181%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1956	+0.125%	$5	—	10x	as long as short
Lighter TRUMP	−0.0216%	1h	2.1917	−0.055%	$976K	$791K	10x	as long as short
SoDEX TRUMP-USD	−0.0078%	1h	2.1785	−0.657%	$83	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0078%	4h	2.1940	+0.050%	$7.7M	$48.8M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1926	−0.012%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1797	−0.602%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1955	+0.119%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1918	−0.048%	$106K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0062%	8h	2.1950	+0.096%	$5K	$175	5x	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_USDC	+0.0085%	4h	2.1790	−0.634%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1986	+0.260%	$14.5M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1905	−0.110%	$433K	$829K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1929	long leg	$189K	$56K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1960	+0.141%	$63.8M	$234.8M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1960	+0.141%	$31.6M	$47.9M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1960	+0.141%	$28.5M	$169.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1960	+0.141%	$437K	$141K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1970	+0.187%	$4.3M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1970	+0.187%	$15.8M	$24.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1842	−0.397%	$256K	$316K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1911	−0.081%	$690K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1896	−0.150%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	−0.543%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1850	−0.360%	$535K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1960	+0.140%	$76K	$664K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1775	−0.702%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1807	−0.556%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1816	−0.515%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.324%	$285K	$303K	50x	as long as short