Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.005%

Price spread now: Aevo against Paradex+0.195%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aevo

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.195% dearer against Paradex than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1994	0.0082	pay 0.0082% / 8h	6h 58m	$5K	$175	5x
Short	Aevo TRUMP-PERP	2.2037	0.0104	get 0.0013% / 1h	58m 11s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now +0.195%Rate

Funding earned: $4.7
Price spread: +0.195% → 0.000%: $19.46
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: $4.15
Costs to cover: 0.200%
Break-even: 0.8 days

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

Paradex and Aevo: 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 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	−0.1623%	1h	2.1990	−0.019%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0352%	1h	2.2030	+0.163%	$979K	$778K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2062	+0.307%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1956	−0.172%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2035	+0.186%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2044	+0.228%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.933%	$108K	$263K	20x	as long as short
SoDEX TRUMP-USD	+0.0062%	1h	2.2027	+0.150%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0082%	8h	2.1994	long leg	$5K	$175	5x
Orderly PERP_TRUMP_USDC	+0.0092%	4h	2.2040	+0.209%	$3K	$248K	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	2.2091	+0.439%	$14.4M	$6.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2068	+0.338%	$461K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1970	−0.111%	$191K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2040	+0.207%	$63.6M	$231.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2050	+0.254%	$31.3M	$46.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2040	+0.209%	$28.6M	$164.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2050	+0.254%	$7.8M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2020	+0.118%	$469K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2080	+0.391%	$4.1M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2040	+0.209%	$15.7M	$23.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2051	+0.259%	$702K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2080	+0.391%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2050	+0.254%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2130	+0.618%	$574K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2019	+0.115%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERPshort	+0.0104%	1h	2.2037	+0.195%	$19K	—	3x
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2052	+0.266%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0242%	1h	2.2108	+0.518%	$263K	$311K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2100	+0.482%	$4.3M	$672K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2050	+0.255%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2230	+1.073%	$292K	$286K	50x	as long as short