Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.035%

Price spread now: dYdX against Bitget−0.066%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.066% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1470	0.0100	pay 0.0050% / 4h	39m 24s	$15.3M	$27.1M	75x
Short	dYdX TRUMP-USD	2.1456	0	get 0.0000% / 1h	39m 24s	$27K	$501	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$21
Price spread: −0.066% → 0.000%: −$6.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$49.56
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; dYdX: 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 Bitget live order book, 4 min ago	4.64 bp	10.6 bp −$11	13.6 bp −$136	37.0 bp −$3,699	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1797%	1h	2.1440	−0.140%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0541%	1h	2.1486	+0.075%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0282%	1h	2.1465	−0.023%	$80	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1461	−0.040%	$5	—	10x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1442	−0.130%	$937K	$1.0M	10x	as long as short
Binance TRUMPUSDT	−0.0166%	4h	2.1450	−0.093%	$60.8M	$250.8M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1424	−0.214%	$76K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0152%	4h	2.1470	0.000%	$26.6M	$184.3M	50x	as long as short
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.283%	$665K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0120%	4h	2.1470	0.000%	$7.6M	$53.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0109%	4h	2.1450	−0.093%	$30.6M	$52.4M	50x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1539	+0.320%	$105K	$252K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0075%	8h	2.1431	−0.183%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0051%	4h	2.1500	+0.140%	$5K	$268K	10x	as long as short
dYdX TRUMP-USDshort	0.0000%	1h	2.1456	−0.066%	$27K	$501	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1504	+0.160%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0032%	4h	2.1470	0.000%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1470	0.000%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1540	+0.326%	$171K	$466K	50x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1520	+0.233%	$4.1M	$705K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1472	+0.009%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1452	−0.083%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1455	−0.070%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.093%	$399K	$147K	125x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1470	long leg	$15.3M	$27.1M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.326%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.233%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.186%	$484K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1500	+0.140%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0331%	1h	2.1499	+0.135%	$384K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1496	+0.121%	$1.3M	$2.3M	50x	as long as short