Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: GRVT against dYdX−0.031%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. GRVT is 0.031% cheaper against dYdX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRUMP-USD	2.1828	0	get 0.0000% / 1h	6m 52s	$27K	$485	5x
Short	GRVT TRUMP_USDT_Perp	2.1821	0.0100	get 0.0050% / 4h	2h 06m	$179K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against dYdX. 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 dYdXbpFee GRVTbpOrdersPrice spread, now −0.031%Rate

Funding earned: $21
Price spread: −0.031% → 0.000%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$1.09
Costs to cover: 0.190%
Break-even: 7.4 days

Slippage unknown: dYdX: no order-book sample; GRVT: live order book, 2 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 2 min ago	2.29 bp	15.1 bp −$15	34.6 bp −$346	doesn't fit	doesn't fit

dYdX: 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	−0.1787%	1h	2.1730	−0.448%	$13K	$119K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0346%	1h	2.1793	−0.160%	$409K	$79K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1794	−0.156%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1780	−0.218%	$1.3M	$2.3M	50x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.1828	long leg	$27K	$485	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1800	−0.127%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1842	+0.067%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1752	−0.347%	$968K	$662K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.1800	−0.128%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1780	−0.219%	$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
Hyperliquid TRUMP	+0.0100%	1h	2.1781	−0.214%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1765	−0.286%	$456K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1820	−0.034%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1760	−0.311%	$61.9M	$215.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1760	−0.311%	$30.3M	$42.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	−0.311%	$26.6M	$147.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1760	−0.311%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1730	−0.448%	$477K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	−0.265%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	−0.357%	$15.5M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	+0.076%	$681K	$261K	—	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1821	−0.031%	$179K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1820	−0.036%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1755	−0.334%	$69	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	−0.082%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1752	−0.346%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1770	−0.263%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0156%	1h	2.1773	−0.251%	$258K	$264K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1795	−0.151%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.147%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	−0.311%	$4.2M	$501K	75x	as long as short