Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Bybit+0.021%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

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 +$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.021% dearer against Bybit than usual: you sell high and buy low: +$2 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	Bybit TRUMPUSDT	2.1440	−0.0030	get 0.0015% / 4h	1h 02m	$30.5M	$52.5M	50x
Short	gTrade (Gains Network) TRUMP/USD	2.1444	L +0.0008% / S −0.0007%	get 0.0001% / 1h	2m 02s	$40K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.021%Rate

Funding earned: $7.78
Price spread: +0.021% → 0.000%: $2.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$11.16
Costs to cover: 0.210%
Break-even: 17.0 days

Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): 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 Bybit live order book, 2 min ago	2.33 bp	12.1 bp −$12	17.6 bp −$176	91.7 bp −$9,167	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.1927%	1h	2.1340	−0.466%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1432	−0.040%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1433	−0.033%	$404K	$81K	10x	as long as short
Binance TRUMPUSDT	−0.0162%	4h	2.1430	−0.047%	$60.6M	$251.3M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1409	−0.144%	$74K	$521K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0117%	4h	2.1420	−0.093%	$26.6M	$184.2M	50x	as long as short
SoDEX TRUMP-USD	−0.0109%	1h	2.1425	−0.070%	$82	$6K	5x	as long as short
Variational Omni TRUMP	−0.0107%	4h	2.1501	+0.286%	$664K	$423K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1452	+0.054%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0079%	4h	2.1476	+0.166%	$105K	$255K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0070%	4h	2.1430	−0.047%	$7.7M	$53.8M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0053%	4h	2.1440	0.000%	$5K	$260K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0033%	8h	2.1434	−0.030%	$5K	$175	5x	as long as short
Bybit TRUMPUSDTlong	−0.0030%	4h	2.1440	long leg	$30.5M	$52.5M	50x
dYdX TRUMP-USD	−0.0001%	1h	2.1468	+0.131%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1444	+0.021%	$40K	—	150x
Aevo TRUMP-PERP	+0.0040%	1h	2.1426	−0.063%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1422	−0.084%	$936K	$1.0M	10x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1480	+0.187%	$4.1M	$703K	75x	as long as short
KuCoin TRUMPUSDTM	+0.0080%	4h	2.1440	0.000%	$4.2M	$11.0M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1458	+0.084%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1450	+0.045%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1458	+0.084%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	−0.047%	$398K	$151K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1430	−0.047%	$15.3M	$26.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1460	+0.093%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.047%	$482K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1448	+0.038%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	−0.047%	$186K	$442K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0420%	1h	2.1464	+0.112%	$380K	$415K	10x	as long as short