Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: GRVT against Binance+0.114%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.114%, 7d avg −0.019%

Together, before fees−0.062%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.134% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.2444	0.0100	pay 0.0050% / 4h	3h 07m	$65.0M	$227.5M	75x
Short	GRVT TRUMP_USDT_Perp	2.2470	0.0100	get 0.0050% / 4h	3h 07m	$190K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → −0.019%: $13.37
Slippage, 4 orders: −$20.67
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$26.3
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; GRVT: live order book, 2 min ago.

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, 6 min ago	2.22 bp	7.2 bp −$7	13.8 bp −$138	43.2 bp −$4,321	210.2 bp −$105.1K
Sell GRVT live order book, 2 min ago	2.22 bp	12.9 bp −$13	26.6 bp −$266	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	−0.1608%	1h	2.2320	−0.554%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2431	−0.058%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2436	−0.036%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2446	+0.007%	$421K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2440	−0.019%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2462	+0.079%	$109K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0089%	8h	2.2434	−0.044%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0094%	4h	2.2440	−0.019%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2426	−0.082%	$994K	$782K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2443	−0.008%	$468K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2445	+0.002%	$195K	$55K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.2444	long leg	$65.0M	$227.5M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2440	−0.019%	$31.8M	$45.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2450	+0.025%	$28.5M	$162.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2440	−0.019%	$8.0M	$48.9M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2420	−0.108%	$483K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2440	−0.019%	$4.4M	$10.7M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2450	+0.025%	$16.3M	$22.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2451	+0.031%	$714K	$441K	—	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.2470	+0.114%	$190K	$4.4M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.2460	+0.070%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2437	−0.033%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2470	+0.114%	$583K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2429	−0.067%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2424	−0.089%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0114%	1h	2.2461	+0.074%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2442	−0.008%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2450	+0.025%	$4.4M	$675K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0465%	1h	2.2480	+0.159%	$263K	$301K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2430	−0.064%	$292K	$252K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0767%	1h	2.2457	+0.055%	$1.3M	$2.6M	50x	as long as short