Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h −0.004%

Price spread now: gTrade (Gains Network) against Binance+0.047%7-day average — · you sell dearer than you buy

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

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.047% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1420	−0.0243	get 0.0122% / 4h	3h 28m	$61.4M	$247.6M	75x
Short	gTrade (Gains Network) TRUMP/USD	2.1430	L +0.0008% / S −0.0007%	get 0.0001% / 1h	28m 47s	$40K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.047%Rate

Funding earned: $52.46
Price spread: +0.047% → 0.000%: $4.67
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $37.13
Costs to cover: 0.200%
Break-even: 2.0 days

Slippage unknown: Binance: live order book, 15 min ago; gTrade (Gains Network): no order-book sample. 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 Binance live order book, 15 min ago	2.33 bp	7.3 bp −$7	12.3 bp −$123	42.2 bp −$4,218	292.8 bp −$146.4K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1829%	1h	2.1350	−0.327%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0495%	4h	2.1410	−0.047%	$30.8M	$51.7M	50x	as long as short
SoDEX TRUMP-USD	−0.0407%	1h	2.1418	−0.009%	$69	$6K	5x	as long as short
Variational Omni TRUMP	−0.0320%	4h	2.1381	−0.180%	$663K	$419K	—	as long as short
Gate TRUMP_USDT	−0.0262%	4h	2.1400	−0.093%	$7.7M	$50.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0251%	4h	2.1410	−0.047%	$26.8M	$182.0M	50x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1390	−0.142%	$74K	$492K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1382	−0.179%	$5	—	10x	as long as short
Binance TRUMPUSDTlong	−0.0243%	4h	2.1420	long leg	$61.4M	$247.6M	75x
Lighter TRUMP	−0.0200%	1h	2.1415	−0.023%	$937K	$991K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0151%	8h	2.1412	−0.039%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1360	−0.280%	$148K	$493K	50x	as long as short
edgeX TRUMPUSDC	−0.0126%	4h	2.1390	−0.140%	$104K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1420	0.000%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1400	−0.093%	$4.1M	$10.6M	50x	as long as short
dYdX TRUMP-USD	−0.0019%	1h	2.1426	+0.026%	$26K	$2K	5x	as long as short
BloFin TRUMP-USDT	−0.0008%	4h	2.1420	0.000%	$4.2M	$685K	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1434	+0.065%	$388K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1430	+0.047%	$40K	—	150x
Bitget TRUMPUSDT	+0.0018%	4h	2.1410	−0.047%	$15.2M	$26.5M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0020%	4h	2.1400	−0.093%	$176K	$4.3M	10x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1437	+0.077%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0086%	4h	2.1390	−0.140%	$397K	$149K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1435	+0.070%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1428	+0.038%	$408K	$716K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1423	+0.014%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.140%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.093%	$496K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1443	+0.108%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1410	−0.048%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0318%	1h	2.1448	+0.131%	$383K	$419K	10x	as long as short