Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Paradex−0.112%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.112% cheaper against Paradex than usual: you would sell low and buy high (−$11 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	2.1465	−0.0158	get 0.0158% / 8h	7h 37m	$5K	$175	5x
Short	Variational Omni TRUMP	2.1441	−0.0300	pay 0.0150% / 4h	3h 37m	$661K	$415K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.112%Rate

Funding earned: −$29.82
Price spread: −0.112% → 0.000%: −$11.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$45
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 62 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 Variational Omni RFQ quote, 62 min ago	5.05 bp	doesn't fit	16.4 bp −$164	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	−0.1829%	1h	2.1360	−0.491%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0655%	1h	2.1465	−0.002%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0309%	1h	2.1470	+0.021%	$388K	$81K	10x	as long as short
Variational Omni TRUMPshort	−0.0300%	4h	2.1441	−0.112%	$661K	$415K	—
Bybit TRUMPUSDT	−0.0295%	4h	2.1470	+0.021%	$30.7M	$51.8M	50x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1470	+0.021%	$938K	$990K	10x	as long as short
Binance TRUMPUSDT	−0.0251%	4h	2.1476	+0.050%	$60.9M	$246.9M	75x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1469	+0.018%	$74K	$494K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1472	+0.029%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0240%	4h	2.1480	+0.068%	$26.9M	$182.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0222%	4h	2.1470	+0.021%	$7.7M	$49.6M	75x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0158%	8h	2.1465	long leg	$5K	$175	5x
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1410	−0.258%	$165K	$472K	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0122%	4h	2.1439	−0.124%	$180K	$4.3M	10x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1432	−0.157%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0095%	4h	2.1450	−0.072%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0040%	4h	2.1480	+0.068%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0026%	1h	2.1486	+0.097%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0006%	4h	2.1430	−0.165%	$4.2M	$685K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1495	+0.136%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1443	−0.105%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0030%	4h	2.1480	+0.068%	$15.3M	$26.5M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1503	+0.175%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1500	+0.161%	$408K	$719K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1493	+0.128%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	+0.021%	$399K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.021%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	+0.114%	$500K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1499	+0.156%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1481	+0.074%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0297%	1h	2.1520	+0.254%	$381K	$420K	10x	as long as short