Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget0.000%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.034%−$3 · spread now 0.000%, 7d avg −0.010%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.2130	0.0100	pay 0.0050% / 4h	47m 40s	$15.7M	$21.3M	75x
Short	OKX TRUMP-USDT-SWAP	2.2130	0.0100	get 0.0050% / 4h	47m 40s	$27.4M	$153.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.010%: $1.01
Slippage, 4 orders: −$13.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.28
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	2.26 bp	8.6 bp −$9	12.6 bp −$126	47.4 bp −$4,735	doesn't fit
Sell OKX live order book, 1 min ago	2.25 bp	7.3 bp −$7	10.9 bp −$109	40.8 bp −$4,082	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	−0.1537%	1h	2.2040	−0.407%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2142	+0.055%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2146	+0.073%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2141	+0.050%	$415K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2141	+0.050%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2156	+0.116%	$121K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2140	+0.045%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2125	−0.024%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2141	+0.050%	$993K	$738K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2153	+0.104%	$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	2.2138	+0.036%	$190K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2134	+0.020%	$63.8M	$223.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2120	−0.045%	$31.0M	$43.9M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.2130	0.000%	$27.4M	$153.2M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.2130	0.000%	$7.5M	$47.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2120	−0.045%	$484K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2130	0.000%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.2130	long leg	$15.7M	$21.3M	75x
Variational Omni TRUMP	+0.0100%	4h	2.2172	+0.191%	$624K	$348K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.271%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2170	+0.181%	$1K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2137	+0.032%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2170	+0.181%	$527K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2126	−0.019%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2134	+0.017%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2141	+0.051%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2170	+0.181%	$4.2M	$634K	75x	as long as short
Hyperliquid TRUMP	+0.0341%	1h	2.2172	+0.190%	$14.4M	$7.5M	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2240	+0.497%	$287K	$405K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0632%	1h	2.2152	+0.099%	$261K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0862%	1h	2.2163	+0.150%	$1.3M	$2.5M	50x	as long as short