Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.006%

Price spread now: Pacifica against Variational Omni−0.030%7-day average +0.019% · you buy dearer than you sell

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.030%, 7d avg +0.019%

Together, before fees+0.362%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.049% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.019%). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1681	−0.0020	get 0.0010% / 4h	3h 22m	$670K	$516K	—
Short	Pacifica TRUMP	2.1675	0.0100	get 0.0013% / 1h	22m 51s	$186K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.030%Rate

Funding earned: $25.18
Price spread: −0.030% → +0.019%: −$4.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $12.29
Costs to cover: 0.080%
Break-even: 3.6 days

Slippage unknown: Variational Omni: RFQ quote, 31 min ago; Pacifica: live order book, 30 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, 31 min ago	5.03 bp	doesn't fit	14.7 bp −$147	doesn't fit	doesn't fit
Sell Pacifica live order book, 30 min ago	5.04 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit

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	−0.1765%	1h	2.1550	−0.604%	$13K	$157K	12x	as long as short
Paradex TRUMP-USD-PERP	−0.0306%	8h	2.1662	−0.087%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0304%	1h	2.1669	−0.055%	$86	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1661	−0.092%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0224%	4h	2.1620	−0.281%	$7.8M	$51.8M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0119%	1h	2.1680	−0.005%	$408K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0099%	4h	2.1610	−0.327%	$61.2M	$246.1M	75x	as long as short
Extended TRUMP-USD	−0.0096%	1h	2.1629	−0.240%	$74K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0040%	4h	2.1704	+0.104%	$106K	$263K	20x	as long as short
Variational Omni TRUMPlong	−0.0020%	4h	2.1681	long leg	$670K	$516K	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0009%	1h	2.1672	−0.041%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1684	+0.015%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0017%	4h	2.1680	−0.005%	$4K	$191K	10x	as long as short
Lighter TRUMP	+0.0056%	1h	2.1662	−0.088%	$956K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1660	−0.097%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0058%	4h	2.1690	+0.042%	$177K	$4.6M	10x	as long as short
Bybit TRUMPUSDT	+0.0063%	4h	2.1620	−0.281%	$30.6M	$50.2M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1663	−0.082%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1626	−0.251%	$407K	$834K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1675	−0.030%	$186K	$52K	10x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1610	−0.327%	$27.6M	$178.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1630	−0.235%	$406K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1640	−0.189%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1630	−0.235%	$15.7M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1690	+0.042%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	+0.042%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0141%	4h	2.1660	−0.097%	$4.2M	$663K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1689	+0.038%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1688	+0.031%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0221%	1h	2.1690	+0.042%	$340K	$377K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1690	+0.042%	$280K	$277K	50x	as long as short