Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.001%

Price spread now: Extended against Variational Omni+0.016%7-day average −0.042% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.016%, 7d avg −0.042%

Together, before fees+0.122%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.057% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1470	−0.0404	get 0.0202% / 4h	1h 48m	$667K	$399K	—
Short	Extended TRUMP-USD	2.1473	−0.0320	pay 0.0040% / 1h	48m 01s	$74K	$491K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.016%Rate

Funding earned: $17.74
Price spread: +0.016% → −0.042%: $5.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $18.48
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 64 min ago; Extended: live order book, 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 Variational Omni RFQ quote, 64 min ago	5.05 bp	doesn't fit	15.6 bp −$156	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	4.66 bp	7.7 bp −$8	30.6 bp −$306	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
Variational Omni TRUMPlong	−0.0404%	4h	2.1470	long leg	$667K	$399K	—
Bybit TRUMPUSDT	−0.0390%	4h	2.1480	+0.049%	$31.3M	$48.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0352%	1h	2.1467	−0.012%	$73	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0341%	4h	2.1480	+0.049%	$27.3M	$173.0M	50x	as long as short
Binance TRUMPUSDT	−0.0321%	4h	2.1490	+0.095%	$63.0M	$237.7M	75x	as long as short
Extended TRUMP-USDshort	−0.0320%	1h	2.1473	+0.016%	$74K	$491K	25x
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1460	−0.044%	$131K	$515K	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1470	+0.001%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0242%	4h	2.1490	+0.095%	$7.8M	$47.2M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0179%	8h	2.1461	−0.042%	$5K	$175	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	−0.0169%	1h	2.1475	+0.026%	$386K	$78K	10x	as long as short
edgeX TRUMPUSDC	−0.0158%	4h	2.1471	+0.009%	$105K	$254K	20x	as long as short
MEXC TRUMP_USDC	−0.0154%	4h	2.1460	−0.044%	$388K	$142K	125x	as long as short
Lighter TRUMP	−0.0152%	1h	2.1470	+0.002%	$923K	$953K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0128%	4h	2.1480	+0.049%	$4.2M	$10.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1450	−0.091%	$5K	$303K	10x	as long as short
BloFin TRUMP-USDT	−0.0080%	4h	2.1480	+0.049%	$4.4M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0026%	4h	2.1480	+0.049%	$15.4M	$25.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1495	+0.119%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1451	−0.088%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1476	+0.031%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1503	+0.157%	$1.3M	$1.9M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.608%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0036%	4h	2.1520	+0.236%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1492	+0.105%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1478	+0.041%	$405K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1468	−0.005%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.095%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.142%	$498K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1490	+0.095%	$149K	$358K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0177%	1h	2.1508	+0.179%	$381K	$395K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0196% / S −0.0193%	1h	2.1487	+0.083%	$11K	—	100x	as long as short