Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.004%

Price spread now: OKX against Paradex+0.105%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 OKX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.105% dearer against Paradex than usual: you sell high and buy low, +$10 on $10k if it 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	2.1737	0.0098	pay 0.0098% / 8h	7h 45m	$5K	—	5x
Short	OKX TRUMP-USDT-SWAP	2.1760	0.0100	get 0.0050% / 4h	3h 45m	$26.9M	$152.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0.36
Price spread: +0.105% → 0.000%: $10.47
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.17
Costs to cover: 0.140%
Break-even: 68.0 days

Slippage unknown: Paradex: no order-book sample; OKX: 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 OKX live order book, 4 min ago	2.30 bp	7.3 bp −$7	12.1 bp −$121	50.2 bp −$5,016	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	−0.1608%	1h	2.1630	−0.493%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1737	−0.003%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1747	+0.044%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1744	+0.031%	$408K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1746	+0.040%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1758	+0.097%	$118K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1740	+0.013%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1742	+0.022%	$966K	$756K	10x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0098%	8h	2.1737	long leg	$5K	—	5x
Aster TRUMPUSDT	+0.0100%	4h	2.1749	+0.056%	$453K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1747	+0.046%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1749	+0.054%	$62.3M	$227.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1740	+0.013%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1760	+0.105%	$26.9M	$152.6M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.1760	+0.105%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1730	−0.033%	$471K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1740	+0.013%	$4.0M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.059%	$15.6M	$22.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1742	+0.020%	$699K	$443K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1770	+0.151%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1770	+0.151%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1745	+0.036%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	+0.197%	$550K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1741	+0.015%	$75K	$528K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1740	+0.013%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0202%	1h	2.1784	+0.215%	$14.0M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1740	+0.011%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1730	−0.033%	$4.2M	$623K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0369%	1h	2.1779	+0.192%	$258K	$283K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1760	+0.105%	$281K	$382K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0791%	1h	2.1773	+0.167%	$1.3M	$2.6M	50x	as long as short