Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0161%/8h= −17.6% APRpaid last 24h −0.024%

Price spread now: Paradex against Bitget−0.010%52s7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 52 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	2.1340	−0.0052	get 0.0026% / 4h	1h 28m	$15.3M	$24.8M	75x
Short	Paradex TRUMP-USD-PERP	2.1338	−0.0213	pay 0.0213% / 8h	5h 28m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$33.72
Price spread: −0.010% → 0.000%: −$1.04
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$50.76
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Paradex: 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, 3 min ago	2.35 bp	12.6 bp −$13	17.6 bp −$176	43.3 bp −$4,331	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 32 exchanges

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
SoDEX TRUMP-USD	−0.0486%	1h	2.1347	+0.033%	$77	$6K	5x	as long as short
Variational Omni TRUMP	−0.0409%	4h	2.1300	−0.187%	$662K	$400K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0405%	1h	2.1358	+0.084%	$383K	$78K	10x	as long as short
Bybit TRUMPUSDT	−0.0379%	4h	2.1340	0.000%	$31.2M	$48.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0374%	4h	2.1320	−0.094%	$26.9M	$172.3M	50x	as long as short
Binance TRUMPUSDT	−0.0361%	4h	2.1330	−0.047%	$62.9M	$238.4M	75x	as long as short
Extended TRUMP-USD	−0.0360%	1h	2.1328	−0.056%	$73K	$493K	25x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1250	−0.422%	$130K	$512K	50x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1342	+0.009%	$917K	$959K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1315	−0.118%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0234%	4h	2.1340	0.000%	$7.7M	$47.7M	75x	as long as short
MEXC TRUMP_USDC	−0.0214%	4h	2.1330	−0.047%	$386K	$143K	125x	as long as short
Paradex TRUMP-USD-PERPshort	−0.0213%	8h	2.1338	−0.010%	$5K	$175	5x
edgeX TRUMPUSDC	−0.0178%	4h	2.1290	−0.233%	$104K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0174%	4h	2.1330	−0.047%	$4.3M	$10.2M	50x	as long as short
BloFin TRUMP-USDT	−0.0119%	4h	2.1340	0.000%	$4.3M	$689K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0086%	4h	2.1340	0.000%	$5K	$299K	10x	as long as short
Bitget TRUMPUSDTlong	−0.0052%	4h	2.1340	long leg	$15.3M	$24.8M	75x
Aevo TRUMP-PERP	−0.0008%	1h	2.1330	−0.047%	$18K	—	3x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1355	+0.070%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	0.0000%	4h	2.1304	−0.170%	$184K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1313	−0.125%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1376	+0.171%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+1.218%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1357	+0.082%	$13.4M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1350	+0.047%	$402K	$643K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1353	+0.061%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1370	+0.141%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1360	+0.094%	$485K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1360	+0.094%	$193K	$449K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0144%	1h	2.1371	+0.145%	$382K	$390K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0204% / S −0.0199%	1h	2.1369	+0.135%	$10K	—	100x	as long as short