Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.024%

Price spread now: GMX against Bitget+0.036%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 0.036% dearer against Bitget than usual: you sell high and buy low: +$4 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	Bitget TRUMPUSDT	2.2150	0.0100	pay 0.0050% / 4h	49m 51s	$15.8M	$21.3M	75x
Short	GMX TRUMP/USD [ETH-USDC]	2.2158	L +0.0216% / S −0.0188%	get 0.0023% / 1h	49m 51s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $18.46
Price spread: +0.036% → 0.000%: $3.6
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1.94
Costs to cover: 0.240%
Break-even: 7.7 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	2.26 bp	8.7 bp −$9	12.8 bp −$128	37.8 bp −$3,785	doesn't fit
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	−0.1537%	1h	2.2010	−0.632%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2172	+0.100%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2197	+0.213%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2161	+0.050%	$416K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2156	+0.027%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2074	−0.344%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2160	+0.045%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0095%	8h	2.2207	+0.257%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2125	−0.113%	$992K	$728K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2154	+0.020%	$461K	$835K	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	2.2200	+0.226%	$191K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2149	−0.004%	$63.5M	$222.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2140	−0.045%	$31.1M	$43.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2140	−0.045%	$27.4M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2140	−0.045%	$7.5M	$47.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2140	−0.045%	$485K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2160	+0.045%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.2150	long leg	$15.8M	$21.3M	75x
Variational Omni TRUMP	+0.0100%	4h	2.2172	+0.100%	$624K	$348K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2130	−0.088%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2190	+0.181%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2165	+0.068%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2180	+0.135%	$528K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2131	−0.087%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2160	+0.045%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.2158	+0.036%	$10K	—	100x
Hyperliquid TRUMP	+0.0324%	1h	2.2170	+0.090%	$14.3M	$7.4M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2180	+0.135%	$4.2M	$634K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2010	−0.632%	$284K	$401K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0664%	1h	2.2189	+0.176%	$261K	$279K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0861%	1h	2.2184	+0.154%	$1.3M	$2.5M	50x	as long as short