Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0028%/8hpaid last 24h −0.027%

Price spread now: Deribit against Paradex−0.027%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.027% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1503	0.0028	pay 0.0028% / 8h	4h 21m	$5K	—	5x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1497	0	get 0.0000% / 1h	21m 48s	$403K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$5.94
Price spread: −0.027% → 0.000%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$19.68
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 11 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 Deribit live order book, 11 min ago	7.24 bp	10.7 bp −$11	20.5 bp −$205	doesn't fit	doesn't fit

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	−0.1937%	1h	2.1380	−0.571%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0394%	1h	2.1504	+0.004%	$1.0M	$2.1M	50x	as long as short
Lighter TRUMP	−0.0352%	1h	2.1474	−0.134%	$962K	$585K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1480	−0.105%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0109%	1h	2.1485	−0.083%	$77	$6K	5x	as long as short
dYdX TRUMP-USD	−0.0022%	1h	2.1510	+0.033%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1497	−0.027%	$403K	$76K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1500	−0.016%	$41K	—	150x	as long as short
MEXC TRUMP_USDC	+0.0018%	4h	2.1470	−0.153%	$472K	$135K	125x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0028%	8h	2.1503	long leg	$5K	—	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0031%	4h	2.1467	−0.165%	$117K	$242K	20x	as long as short
Gate TRUMP_USDT	+0.0038%	4h	2.1490	−0.060%	$7.4M	$44.8M	75x	as long as short
Extended TRUMP-USD	+0.0056%	1h	2.1474	−0.133%	$74K	$472K	25x	as long as short
Binance TRUMPUSDT	+0.0059%	4h	2.1480	−0.106%	$61.6M	$209.3M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.1490	−0.060%	$3K	$249K	10x	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1479	−0.109%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1494	−0.041%	$13.7M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1494	−0.041%	$432K	$824K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1511	+0.039%	$185K	$65K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1480	−0.106%	$30.0M	$40.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1470	−0.153%	$26.6M	$143.1M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	−0.060%	$4.4M	$9.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1490	−0.060%	$15.2M	$19.9M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1504	+0.005%	$254K	$265K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1425	−0.363%	$666K	$231K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.173%	$191K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	+0.126%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.033%	$499K	$1.6M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	2.1494	−0.039%	$11K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0237%	4h	2.1510	+0.033%	$4.2M	$474K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1570	+0.312%	$277K	$397K	50x	as long as short