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

TRUMP

all TRUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0123%/8h= +13.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.006%
Price spread now: OKX against Variational Omni−0.052%7-day average +0.001% · you buy dearer than you sell
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)+0.068%+$7 on $10k
Price spread, last 7 days+0.072%+$7 · spread now −0.052%, 7d avg +0.001%
Together, before fees+0.140%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.053% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.001%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TRUMP2.1681−0.0023get 0.0012% / 4h3h 17m$670K$516K
ShortOKX TRUMP-USDT-SWAP2.16700.0100get 0.0050% / 4h3h 17m$27.7M$179.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$25.9
Price spread: −0.052% → +0.001%
−$5.29
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
$10.61
Costs to cover
0.100%
Break-even
4.1 days
Slippage unknown: Variational Omni: RFQ quote, 37 min ago; OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 37 min ago5.03 bpdoesn't fit14.7 bp −$147doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago2.31 bp7.3 bp −$710.5 bp −$10547.2 bp −$4,719doesn'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−0.1765%1h2.1550−0.605%$13K$157K12xas long as short
SoDEX TRUMP-USD−0.0310%1h2.1695+0.064%$88$6K5xas long as short
Paradex TRUMP-USD-PERP−0.0276%8h2.1702+0.097%$5K$1755xas long as short
Reya TRUMPRUSDPERP−0.0245%1h2.1684+0.013%$510xas long as short
Deribit TRUMP_USDC-PERPETUAL−0.0211%1h2.1704+0.105%$408K$72K10xas long as short
Gate TRUMP_USDT−0.0150%4h2.1700+0.087%$7.9M$52.0M75xas long as short
Binance TRUMPUSDT−0.0115%4h2.1680−0.005%$61.2M$246.4M75xas long as short
Extended TRUMP-USD−0.0112%1h2.1689+0.036%$74K$714K25xas long as short
Bybit TRUMPUSDT−0.0089%4h2.1680−0.006%$30.7M$50.3M50xas long as short
edgeX TRUMPUSDC−0.0049%4h2.1667−0.065%$106K$264K20xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TRUMPlong−0.0023%4h2.1681long leg$670K$516K
dYdX TRUMP-USD−0.0007%1h2.1710+0.133%$27K$5125xas long as short
gTrade (Gains Network) TRUMP/USDL +0.0008% / S −0.0007%1h2.1714+0.153%$41K150xas long as short
Orderly PERP_TRUMP_USDC+0.0011%4h2.1690+0.041%$4K$189K10xas long as short
GRVT TRUMP_USDT_Perp+0.0022%4h2.1660−0.098%$177K$4.6M10xas long as short
Lighter TRUMP+0.0024%1h2.1692+0.050%$958K$975K10xas long as short
Aevo TRUMP-PERP+0.0056%1h2.1690+0.041%$19K3xas long as short
Hyperliquid TRUMP+0.0100%1h2.1704+0.104%$13.7M$8.0M10xas long as short
Aster TRUMPUSDT+0.0100%4h2.1706+0.113%$408K$834K20xas long as short
Pacifica TRUMP+0.0100%1h2.1720+0.181%$187K$52K10xas long as short
OKX TRUMP-USDT-SWAPshort+0.0100%4h2.1670−0.052%$27.7M$179.2M50x
MEXC TRUMP_USDC+0.0100%4h2.1690+0.041%$407K$150K125xas long as short
KuCoin TRUMPUSDTM+0.0100%4h2.1700+0.087%$4.2M$11.1M50xas long as short
Bitget TRUMPUSDT+0.0100%4h2.1710+0.133%$15.7M$26.0M75xas long as short
SunX TRUMP-USDT+0.0100%4h2.1700+0.087%$2K$1.6M50xas long as short
HTX TRUMP-USDT+0.0100%4h2.1730+0.225%$496K$2.3M50xas long as short
BloFin TRUMP-USDT+0.0125%4h2.1710+0.133%$4.2M$664K75xas long as short
GMX TRUMP/USD [ETH-USDC]L +0.0171% / S −0.0141%1h2.1710+0.132%$10K100xas long as short
Kraken Futures PF_TRUMPUSD+0.0172%1h2.1733+0.237%$1.3M$2.3M50xas long as short
Backpack TRUMP_USDC_PERP+0.0196%1h2.1709+0.128%$341K$378K10xas long as short
Coinbase International TRUMP-PERP-INTX+0.0400%1h2.1670−0.052%$280K$277K50xas long as short