Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.029%

Price spread now: GMX against Binance+0.086%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 +$3 a day on $10k at the current rate, and GMX is 0.086% dearer against Binance than usual: you sell high and buy low: +$9 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	2.1740	0.0100	pay 0.0050% / 4h	1h 12m	$62.9M	$237.7M	75x
Short	GMX TRUMP/USD [ETH-USDC]	2.1759	L +0.0216% / S −0.0188%	get 0.0023% / 1h	12m 18s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $18.46
Price spread: +0.086% → 0.000%: $8.56
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.02
Costs to cover: 0.220%
Break-even: 5.1 days

Slippage unknown: Binance: live order book, 1 min ago; GMX: 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, 1 min ago	2.29 bp	7.3 bp −$7	11.4 bp −$114	36.4 bp −$3,642	251.2 bp −$125.6K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1659%	1h	2.1740	0.000%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1731	−0.041%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1746	+0.028%	$409K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0045%	1h	2.1730	−0.046%	$82	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0038%	4h	2.1740	0.000%	$7.6M	$50.2M	75x	as long as short
Lighter TRUMP	−0.0024%	1h	2.1754	+0.064%	$969K	$838K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1766	+0.118%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1754	+0.066%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0030%	8h	2.1749	+0.041%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0048%	4h	2.1740	0.000%	$31.0M	$48.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1809	+0.319%	$106K	$264K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0070%	4h	2.1740	0.000%	$4K	$237K	10x	as long as short
Variational Omni TRUMP	+0.0085%	4h	2.1851	+0.509%	$689K	$456K	—	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1775	+0.161%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1771	+0.143%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1758	+0.084%	$187K	$53K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.1740	long leg	$62.9M	$237.7M	75x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1740	0.000%	$27.7M	$171.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	+0.046%	$417K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1760	+0.092%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.046%	$15.6M	$25.4M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1827	+0.402%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1760	+0.092%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	+0.184%	$535K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1729	−0.049%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1752	+0.053%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0107%	1h	2.1792	+0.239%	$255K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.1759	+0.086%	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1760	+0.090%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	+0.046%	$4.3M	$657K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1900	+0.736%	$284K	$301K	50x	as long as short