Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.016%

Price spread now: edgeX against Paradex−0.087%112s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.087% cheaper against Paradex than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1424	−0.0087	get 0.0087% / 8h	33m 42s	$5K	$175	5x
Short	edgeX TRUMPUSDC	2.1405	−0.0083	pay 0.0041% / 4h	33m 42s	$104K	$253K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0.9
Price spread: −0.087% → 0.000%: −$8.71
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$20.81
Costs to cover: 0.130%
Break-even: 169.8 days

Slippage unknown: Paradex: no order-book sample; edgeX: 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 edgeX live order book, 4 min ago	9.34 bp	16.3 bp −$16	83.1 bp −$831	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	−0.1797%	1h	2.1310	−0.533%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0306%	1h	2.1417	−0.033%	$78	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1421	−0.015%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1430	+0.028%	$937K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	−0.155%	$660K	$423K	—	as long as short
Binance TRUMPUSDT	−0.0172%	4h	2.1440	+0.074%	$60.6M	$251.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0169%	4h	2.1420	−0.019%	$26.6M	$184.2M	50x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1419	−0.023%	$76K	$492K	25x	as long as short
Bybit TRUMPUSDT	−0.0135%	4h	2.1430	+0.028%	$30.5M	$52.5M	50x	as long as short
Gate TRUMP_USDT	−0.0126%	4h	2.1430	+0.028%	$7.6M	$53.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERPlong	−0.0087%	8h	2.1424	long leg	$5K	$175	5x
edgeX TRUMPUSDCshort	−0.0083%	4h	2.1405	−0.087%	$104K	$253K	20x
Deribit TRUMP_USDC-PERPETUAL	−0.0076%	1h	2.1439	+0.070%	$404K	$81K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1430	+0.028%	$5K	$271K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1444	+0.093%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1444	+0.094%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0022%	4h	2.1430	+0.028%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1408	−0.077%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.206%	$169K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0069%	4h	2.1390	−0.159%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1453	+0.135%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1440	+0.073%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1448	+0.112%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	−0.019%	$398K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1440	+0.074%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	+0.209%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	−0.112%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.121%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1423	−0.006%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0269%	1h	2.1447	+0.107%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0599%	1h	2.1452	+0.129%	$1.3M	$2.3M	50x	as long as short