Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against Variational Omni+0.442%7-day average +0.018% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.431%−$43 · spread now +0.442%, 7d avg +0.018%

Together, before fees−0.430%+ Points / potential airdropVariational Omni: Active · farm board−$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.425% dearer against Variational Omni than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.2022	0.0100	pay 0.0050% / 4h	3h 26m	$706K	$435K	—
Short	Binance TRUMPUSDT	2.2119	0.0100	get 0.0050% / 4h	3h 26m	$63.2M	$222.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BinancebpOrdersPrice spread, now +0.442%Rate

Funding earned: $0
Price spread: +0.442% → +0.018%: $42.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $32.46
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 47 min ago; Binance: live order book, 2 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 Variational Omni RFQ quote, 47 min ago	5.02 bp	doesn't fit	15.1 bp −$151	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.27 bp	11.1 bp −$11	16.1 bp −$161	40.8 bp −$4,084	192.6 bp −$96.3K

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	2.1910	−0.507%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2052	+0.136%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2092	+0.320%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2059	+0.170%	$414K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2056	+0.155%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2049	+0.126%	$120K	$248K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2090	+0.311%	$981K	$769K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2050	+0.129%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2111	+0.406%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2094	+0.327%	$460K	$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	2.2109	+0.398%	$190K	$53K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.2119	+0.442%	$63.2M	$222.1M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2110	+0.401%	$31.0M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2110	+0.401%	$27.4M	$154.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2110	+0.401%	$7.6M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2100	+0.356%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2120	+0.447%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2120	+0.447%	$16.1M	$22.0M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.2022	long leg	$706K	$435K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2030	+0.038%	$188K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2080	+0.265%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2055	+0.152%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2110	+0.401%	$558K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2110	+0.402%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2050	+0.129%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0167%	1h	2.2106	+0.383%	$14.3M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2051	+0.132%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2030	+0.038%	$4.2M	$627K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0445%	1h	2.2071	+0.224%	$258K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.052%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0781%	1h	2.2078	+0.254%	$1.3M	$2.5M	50x	as long as short