Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.013%

Price spread now: Orderly against Paradex−0.138%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 Orderly

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 pays, the price is against you. Orderly is 0.138% cheaper against Paradex than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 6.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1550	−0.0147	get 0.0147% / 8h	6h 55m	$5K	$175	5x
Short	Orderly PERP_TRUMP_USDC	2.1520	−0.0077	pay 0.0039% / 4h	2h 55m	$5K	$323K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.138%Rate

Funding earned: $14.77
Price spread: −0.138% → 0.000%: −$13.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$9.02
Costs to cover: 0.100%
Break-even: 11.3 days

Slippage unknown: Paradex: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: 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 32 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	−0.1841%	1h	2.1600	+0.233%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0357%	1h	2.1515	−0.161%	$67	$6K	5x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1661	+0.515%	$672K	$419K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0307%	1h	2.1540	−0.045%	$387K	$73K	10x	as long as short
Bybit TRUMPUSDT	−0.0297%	4h	2.1480	−0.324%	$31.0M	$50.5M	50x	as long as short
Lighter TRUMP	−0.0296%	1h	2.1509	−0.189%	$935K	$968K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0258%	4h	2.1470	−0.370%	$27.2M	$179.5M	50x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1516	−0.156%	$76K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0246%	4h	2.1491	−0.272%	$62.9M	$244.5M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1530	−0.089%	$5	—	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1540	−0.045%	$140K	$511K	50x	as long as short
Gate TRUMP_USDT	−0.0174%	4h	2.1500	−0.231%	$7.7M	$47.7M	75x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0147%	8h	2.1550	long leg	$5K	$175	5x
edgeX TRUMPUSDC	−0.0122%	4h	2.1662	+0.522%	$106K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDCshort	−0.0077%	4h	2.1520	−0.138%	$5K	$323K	10x
KuCoin TRUMPUSDTM	−0.0058%	4h	2.1520	−0.138%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0022%	1h	2.1613	+0.295%	$26K	$2K	5x	as long as short
Bitget TRUMPUSDT	−0.0008%	4h	2.1510	−0.184%	$15.2M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	−0.0006%	4h	2.1500	−0.231%	$4.3M	$681K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.994%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1556	+0.030%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1520	−0.138%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0042%	4h	2.1510	−0.184%	$399K	$147K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0096%	4h	2.1689	+0.648%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1524	−0.119%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1534	−0.071%	$409K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1585	+0.164%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.001%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	−0.138%	$498K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1520	−0.138%	$2K	$41K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0155%	1h	2.1527	−0.105%	$387K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1545	−0.020%	$10K	—	100x	as long as short