Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%

Price spread now: Binance against Paradex+0.102%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 Binance

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. Binance is 0.102% dearer against Paradex than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1278	−0.0224	get 0.0224% / 8h	2h 24m	$5K	$175	5x
Short	Binance TRUMPUSDT	2.1300	−0.0274	pay 0.0137% / 4h	2h 24m	$60.0M	$249.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.102%Rate

Funding earned: −$10.47
Price spread: +0.102% → 0.000%: $10.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.31
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 4 min ago. 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 Binance live order book, 4 min ago	2.36 bp	10.6 bp −$11	13.4 bp −$134	42.0 bp −$4,201	194.7 bp −$97.4K

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 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	−0.1827%	1h	2.1090	−0.885%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1267	−0.053%	$940K	$999K	10x	as long as short
SoDEX TRUMP-USD	−0.0413%	1h	2.1295	+0.078%	$84	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0335%	4h	2.1300	+0.102%	$30.0M	$51.6M	50x	as long as short
Binance TRUMPUSDTshort	−0.0274%	4h	2.1300	+0.102%	$60.0M	$249.7M	75x
Extended TRUMP-USD	−0.0272%	1h	2.1299	+0.097%	$77K	$745K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1282	+0.015%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0224%	8h	2.1278	long leg	$5K	$175	5x
Variational Omni TRUMP	−0.0202%	4h	2.1212	−0.314%	$654K	$426K	—	as long as short
Gate TRUMP_USDT	−0.0158%	4h	2.1300	+0.102%	$7.6M	$53.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0135%	4h	2.1178	−0.471%	$103K	$263K	20x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0125%	1h	2.1318	+0.186%	$401K	$72K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0070%	4h	2.1290	+0.055%	$26.6M	$180.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0048%	4h	2.1290	+0.055%	$5K	$223K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1215	−0.297%	$175K	$4.7M	10x	as long as short
BloFin TRUMP-USDT	−0.0034%	4h	2.1280	+0.008%	$4.1M	$686K	75x	as long as short
dYdX TRUMP-USD	−0.0019%	1h	2.1286	+0.037%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1304	+0.121%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1290	+0.055%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1294	+0.073%	$13.4M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1293	+0.069%	$400K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1270	−0.039%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1290	+0.055%	$396K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1290	+0.055%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1310	+0.149%	$15.2M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1330	+0.243%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1320	+0.196%	$478K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1308	+0.140%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0167%	1h	2.1284	+0.026%	$378K	$411K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0199%	1h	2.1325	+0.218%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1210	−0.321%	$241K	$341K	50x	as long as short