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 0.000%

Price spread now: GRVT against Bitget+0.694%113s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.464% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days−0.719%−$72 · spread now +0.694%, 7d avg −0.015%

Together, before fees−0.838%+ Points / potential airdropGRVT: Active · farm board−$84 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 0.708% dearer against Bitget than usual: you sell high and buy low, +$71 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1660	0.0100	pay 0.0050% / 4h	1h 39m	$15.5M	$25.0M	75x
Short	GRVT TRUMP_USDT_Perp	2.1810	0.0100	get 0.0050% / 4h	1h 39m	$183K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.694%Rate

Funding earned: $0
Price spread: +0.694% → −0.015%: $70.82
Slippage, 4 orders: −$25.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $24.4
Costs to cover: 0.464%
Break-even: from the start

Slippage from Bitget: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago	2.30 bp	12.9 bp −$13	16.0 bp −$160	46.1 bp −$4,612	doesn't fit
Sell GRVT live order book, 4 min ago	4.60 bp	13.5 bp −$13	37.3 bp −$373	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	−0.1659%	1h	2.1660	0.000%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	+0.144%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0114%	4h	2.1670	+0.046%	$7.6M	$49.5M	75x	as long as short
Lighter TRUMP	−0.0056%	1h	2.1677	+0.078%	$966K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1686	+0.119%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1704	+0.203%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	+0.203%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0018%	1h	2.1695	+0.162%	$83	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0037%	8h	2.1662	+0.011%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1692	+0.147%	$105K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0078%	4h	2.1690	+0.139%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1706	+0.212%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1717	+0.265%	$429K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1682	+0.102%	$186K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1671	+0.052%	$62.8M	$236.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1660	0.000%	$31.0M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1660	0.000%	$27.6M	$168.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1680	+0.092%	$426K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1680	+0.092%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1660	long leg	$15.5M	$25.0M	75x
Variational Omni TRUMP	+0.0100%	4h	2.1681	+0.096%	$681K	$453K	—	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1810	+0.694%	$183K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1730	+0.323%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1750	+0.416%	$532K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1649	−0.051%	$115K	$702K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1685	+0.115%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0104%	1h	2.1722	+0.286%	$256K	$318K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1706	+0.213%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1725	+0.300%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	+0.185%	$4.3M	$656K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	+0.231%	$281K	$300K	50x	as long as short