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 −0.003%

Price spread now: Gate against Bybit+0.046%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.046%, 7d avg +0.018%

Together, before fees+0.047%+$5 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: Gate is 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1860	0.0100	pay 0.0050% / 4h	2h 25m	$30.4M	$42.1M	50x
Short	Gate TRUMP_USDT	2.1870	0.0100	get 0.0050% / 4h	2h 25m	$7.4M	$46.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.018%: $2.74
Slippage, 4 orders: −$25.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.38
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: 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 Bybit live order book, 4 min ago	2.30 bp	12.0 bp −$12	24.3 bp −$243	224.8 bp −$22.5K	doesn't fit
Sell Gate live order book, 4 min ago	4.59 bp	17.2 bp −$17	36.1 bp −$361	74.8 bp −$7,480	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	−0.1787%	1h	2.1710	−0.686%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1859	−0.003%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1878	+0.084%	$1.1M	$2.1M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0116%	1h	2.1861	+0.005%	$410K	$79K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1859	−0.003%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1867	+0.034%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0032%	1h	2.1846	−0.064%	$973K	$659K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1803	−0.259%	$119K	$247K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0075%	8h	2.1856	−0.016%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1860	0.000%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1873	+0.059%	$458K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1874	+0.066%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1860	0.000%	$62.2M	$215.4M	75x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.1860	long leg	$30.4M	$42.1M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	0.000%	$26.7M	$147.6M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.1870	+0.046%	$7.4M	$46.8M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	−0.091%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	+0.046%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1870	+0.046%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	−0.072%	$680K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1830	−0.137%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1870	+0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1855	−0.023%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1880	+0.091%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1853	−0.031%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1850	−0.045%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0137%	1h	2.1879	+0.087%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0200%	1h	2.1897	+0.169%	$259K	$261K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1864	+0.017%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1950	+0.412%	$282K	$401K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1840	−0.091%	$4.1M	$495K	75x	as long as short