Settings8H · net · $10k
Funding arb · Price arb /

TRUMP

all TRUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0420%/8h= +46.0% APRnext payment +$2.10 per $10,000 · paid last 24h +0.025%
Price spread now: Aster against Variational Omni+0.788%7-day average +0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.067%+$7 on $10k
Price spread, last 4 days (all we have)−0.926%−$93 · spread now +0.788%, 7d avg +0.028%
Together, before fees−0.859%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$86 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Aster is 0.760% dearer against Variational Omni than usual: you sell high and buy low: +$76 more if the spread goes back to its 7-day average of +0.028%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.067% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TRUMP2.1381−0.0320get 0.0160% / 4h3h 26m$663K$419K
ShortAster TRUMPUSDT2.15500.0100get 0.0050% / 4h3h 26m$410K$679K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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

Funding earned
$88.25
Price spread: +0.788% → +0.028%
$76.04
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
$156.3
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 7 min ago; Aster: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 7 min ago5.06 bpdoesn't fit12.6 bp −$126doesn't fitdoesn't fit
Sell Aster live order book, 6 min ago4.68 bp13.0 bp −$1324.2 bp −$242doesn't fitdoesn't fit

TRUMP on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective TRUMP/USDC PERP−0.1829%1h2.1350−0.147%$12K$157K12xas long as short
Bybit TRUMPUSDT−0.0473%4h2.1530+0.695%$31.0M$51.7M50xas long as short
SoDEX TRUMP-USD−0.0359%1h2.1515+0.625%$69$6K5xas long as short
Variational Omni TRUMPlong−0.0320%4h2.1381long leg$663K$419K
OKX TRUMP-USDT-SWAP−0.0251%4h2.1520+0.648%$27.0M$182.9M50xas long as short
Reya TRUMPRUSDPERP−0.0245%1h2.1494+0.526%$510xas long as short
Extended TRUMP-USD−0.0240%1h2.1529+0.689%$74K$492K25xas long as short
Binance TRUMPUSDT−0.0240%4h2.1540+0.741%$62.7M$247.7M75xas long as short
Gate TRUMP_USDT−0.0216%4h2.1540+0.741%$7.7M$50.1M75xas long as short
Lighter TRUMP−0.0200%1h2.1527+0.681%$942K$991K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex TRUMP-USD-PERP−0.0147%8h2.1504+0.575%$5K$1755xas long as short
Coinbase International TRUMP-PERP-INTX−0.0136%1h2.1410+0.133%$148K$493K50xas long as short
edgeX TRUMPUSDC−0.0126%4h2.1390+0.040%$104K$254K20xas long as short
Deribit TRUMP_USDC-PERPETUAL−0.0121%1h2.1527+0.681%$389K$81K10xas long as short
Orderly PERP_TRUMP_USDC−0.0096%4h2.1520+0.648%$5K$299K10xas long as short
KuCoin TRUMPUSDTM−0.0050%4h2.1530+0.695%$4.1M$10.6M50xas long as short
dYdX TRUMP-USD−0.0018%1h2.1536+0.724%$26K$2K5xas long as short
BloFin TRUMP-USDT0.0000%4h2.1540+0.741%$4.2M$688K75xas long as short
gTrade (Gains Network) TRUMP/USDL +0.0008% / S −0.0007%1h2.1447+0.306%$40K150xas long as short
Bitget TRUMPUSDT+0.0014%4h2.1540+0.741%$15.3M$26.4M75xas long as short
GRVT TRUMP_USDT_Perp+0.0020%4h2.1400+0.087%$176K$4.3M10xas long as short
Aevo TRUMP-PERP+0.0024%1h2.1531+0.698%$19K3xas long as short
MEXC TRUMP_USDC+0.0082%4h2.1520+0.648%$398K$149K125xas long as short
Hyperliquid TRUMP+0.0100%1h2.1546+0.768%$13.6M$8.1M10xas long as short
Aster TRUMPUSDTshort+0.0100%4h2.1550+0.788%$410K$679K20x
Pacifica TRUMP+0.0100%1h2.1534+0.715%$185K$54K10xas long as short
SunX TRUMP-USDT+0.0100%4h2.1550+0.788%$2K$1.5M50xas long as short
HTX TRUMP-USDT+0.0100%4h2.1530+0.695%$498K$2.5M50xas long as short
Kraken Futures PF_TRUMPUSD+0.0121%1h2.1542+0.751%$1.3M$2.2M50xas long as short
GMX TRUMP/USD [ETH-USDC]L +0.0136% / S −0.0098%1h2.1537+0.726%$9K100xas long as short
Backpack TRUMP_USDC_PERP+0.0332%1h2.1552+0.798%$381K$421K10xas long as short