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: OKX against Pacifica−0.001%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.001%, 7d avg −0.038%

Together, before fees−0.172%+ Points / potential airdropPacifica: Active · farm board−$17 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: OKX is 0.037% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1740	0.0100	pay 0.0013% / 1h	25m 57s	$187K	$55K	10x
Short	OKX TRUMP-USDT-SWAP	2.1740	0.0100	get 0.0050% / 4h	1h 25m	$27.4M	$170.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → −0.038%: $3.66
Slippage, 4 orders: −$31.56
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$45.9
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from Pacifica: live order book, 37 min ago; OKX: live order book, 3 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, 37 min ago	9.35 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.30 bp	7.3 bp −$7	12.5 bp −$125	51.6 bp −$5,159	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	−0.1659%	1h	2.1620	−0.553%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	+0.003%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0062%	4h	2.1740	−0.001%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMP	−0.0040%	1h	2.1722	−0.084%	$967K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1736	−0.021%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1741	+0.004%	$409K	$72K	10x	as long as short
SoDEX TRUMP-USD	+0.0003%	1h	2.1730	−0.047%	$84	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1745	+0.020%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1726	−0.064%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0050%	4h	2.1740	−0.001%	$31.0M	$48.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1802	+0.283%	$106K	$262K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1730	−0.047%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1765	+0.115%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1752	+0.055%	$430K	$827K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1740	long leg	$187K	$55K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1740	−0.001%	$62.9M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1740	−0.001%	$27.4M	$170.3M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1730	−0.047%	$417K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1750	+0.045%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.045%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.090%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1750	+0.046%	$177K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1760	+0.091%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1770	+0.137%	$533K	$1.9M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0103%	1h	2.1762	+0.100%	$255K	$319K	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1739	−0.005%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1718	−0.104%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1739	−0.003%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1761	+0.097%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	−0.185%	$4.2M	$655K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.415%	$280K	$297K	50x	as long as short