Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h −0.085%

Price spread now: Bitget against Coinbase International+0.280%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.320%−$32 · spread now +0.280%, 7d avg −0.080%

Together, before fees−0.489%−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.360% dearer against Coinbase International than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1420	−0.0136	get 0.0017% / 1h	58m 10s	$167K	$480K	50x
Short	Bitget TRUMPUSDT	2.1480	0.0060	get 0.0030% / 4h	3h 58m	$15.3M	$26.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.280%Rate

Funding earned: $41.16
Price spread: +0.280% → −0.080%: $35.98
Slippage, 4 orders: −$21.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $33.33
Costs to cover: 0.438%
Break-even: 1.3 days

Slippage from Coinbase International: live order book, 40 min ago; Bitget: 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 Coinbase International live order book, 40 min ago	7.01 bp	12.0 bp −$12	24.4 bp −$244	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.32 bp	11.5 bp −$11	15.9 bp −$159	43.0 bp −$4,298	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	−0.1829%	1h	2.1410	−0.047%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.1565%	4h	2.1480	+0.280%	$30.6M	$52.2M	50x	as long as short
Gate TRUMP_USDT	−0.0660%	4h	2.1480	+0.280%	$7.7M	$49.4M	75x	as long as short
SoDEX TRUMP-USD	−0.0521%	1h	2.1489	+0.322%	$72	$6K	5x	as long as short
Variational Omni TRUMP	−0.0283%	4h	2.1472	+0.243%	$663K	$421K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0261%	1h	2.1506	+0.401%	$405K	$65K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1502	+0.383%	$5	—	10x	as long as short
Lighter TRUMP	−0.0224%	1h	2.1469	+0.229%	$938K	$988K	10x	as long as short
Binance TRUMPUSDT	−0.0209%	4h	2.1479	+0.275%	$60.8M	$249.0M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1480	+0.278%	$74K	$492K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRUMP-USDT-SWAP	−0.0201%	4h	2.1470	+0.233%	$26.9M	$183.5M	50x	as long as short
Coinbase International TRUMP-PERP-INTXlong	−0.0136%	1h	2.1420	long leg	$167K	$480K	50x
Paradex TRUMP-USD-PERP	−0.0127%	8h	2.1508	+0.410%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0099%	4h	2.1442	+0.102%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1510	+0.420%	$5K	$289K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1537	+0.545%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	0.0000%	4h	2.1510	+0.420%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1520	+0.467%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0032%	4h	2.1480	+0.280%	$4.2M	$687K	75x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1486	+0.308%	$19K	—	3x	as long as short
Bitget TRUMPUSDTshort	+0.0060%	4h	2.1480	+0.280%	$15.3M	$26.8M	75x
Hyperliquid TRUMP	+0.0100%	1h	2.1496	+0.355%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1510	+0.418%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1526	+0.495%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	+0.280%	$399K	$146K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1490	+0.327%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	+0.514%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.420%	$495K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1518	+0.459%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1520	+0.467%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0353%	1h	2.1512	+0.430%	$384K	$418K	10x	as long as short