Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h 0.000%

Price spread now: Extended against Bitget−0.097%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.097%, 7d avg −0.044%

Together, before fees+0.051%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.053% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1610	0.0100	pay 0.0050% / 4h	3h 56m	$15.6M	$25.7M	75x
Short	Extended TRUMP-USD	2.1589	−0.0032	pay 0.0004% / 1h	56m 55s	$74K	$724K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$27.72
Price spread: −0.097% → −0.044%: −$5.26
Slippage, 4 orders: −$23.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$73.52
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 61 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 Bitget live order book, 2 min ago	2.32 bp	9.5 bp −$10	19.1 bp −$191	53.7 bp −$5,366	doesn't fit
Sell Extended live order book, 61 min ago	7.02 bp	10.3 bp −$10	32.7 bp −$327	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	2.1490	−0.555%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1591	−0.086%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0066%	1h	2.1595	−0.069%	$93	$6K	5x	as long as short
Extended TRUMP-USDshort	−0.0032%	1h	2.1589	−0.097%	$74K	$724K	25x
Binance TRUMPUSDT	−0.0028%	4h	2.1590	−0.093%	$60.7M	$242.8M	75x	as long as short
Variational Omni TRUMP	−0.0021%	4h	2.1561	−0.226%	$666K	$488K	—	as long as short
edgeX TRUMPUSDC	−0.0013%	4h	2.1563	−0.217%	$105K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1626	+0.076%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1598	−0.056%	$407K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1610	0.000%	$41K	—	150x	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	+0.0040%	8h	2.1618	+0.038%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0042%	4h	2.1590	−0.093%	$4K	$186K	10x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1593	−0.079%	$955K	$958K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1580	−0.140%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1605	−0.023%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1615	+0.022%	$423K	$793K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1620	+0.046%	$186K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1600	−0.046%	$30.6M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1600	−0.046%	$27.3M	$174.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1600	−0.046%	$7.6M	$50.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1590	−0.093%	$406K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	0.000%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1610	long leg	$15.6M	$25.7M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1555	−0.255%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1620	+0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1620	+0.046%	$513K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1607	−0.012%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1630	+0.091%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0212%	4h	2.1610	0.000%	$4.1M	$682K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0387%	1h	2.1623	+0.060%	$340K	$370K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.416%	$278K	$275K	50x	as long as short