Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h −0.009%

Price spread now: gTrade (Gains Network) against edgeX+0.190%68s7-day average — · you sell dearer than you buy

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.190% dearer against edgeX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	edgeX TRUMPUSDC	2.1431	−0.0091	get 0.0046% / 4h	16m 16s	$105K	$253K	20x
Short	gTrade (Gains Network) TRUMP/USD	2.1472	L +0.0008% / S −0.0007%	get 0.0001% / 1h	16m 16s	$40K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.190%Rate

Funding earned: $20.57
Price spread: +0.190% → 0.000%: $18.95
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $20.53
Costs to cover: 0.190%
Break-even: 0.0 days

Slippage unknown: edgeX: live order book, 21 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 edgeX live order book, 21 min ago	9.34 bp	17.9 bp −$18	117.6 bp −$1,176	doesn't fit	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	−0.1797%	1h	2.1290	−0.659%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0335%	1h	2.1456	+0.115%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	+0.048%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0211%	4h	2.1371	−0.280%	$660K	$423K	—	as long as short
Lighter TRUMP	−0.0200%	1h	2.1454	+0.106%	$938K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0192%	4h	2.1450	+0.087%	$26.7M	$184.1M	50x	as long as short
Extended TRUMP-USD	−0.0184%	1h	2.1450	+0.086%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0183%	4h	2.1450	+0.087%	$60.6M	$250.3M	75x	as long as short
Bybit TRUMPUSDT	−0.0172%	4h	2.1460	+0.134%	$30.5M	$52.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0169%	1h	2.1466	+0.162%	$404K	$81K	10x	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	−0.0110%	4h	2.1460	+0.134%	$7.7M	$53.4M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0098%	8h	2.1459	+0.128%	$5K	$175	5x	as long as short
edgeX TRUMPUSDClong	−0.0091%	4h	2.1431	long leg	$105K	$253K	20x
Orderly PERP_TRUMP_USDC	−0.0068%	4h	2.1460	+0.134%	$5K	$277K	10x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1476	+0.210%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1472	+0.190%	$40K	—	150x
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1450	+0.087%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1440	+0.041%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.473%	$167K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0057%	4h	2.1470	+0.181%	$4.1M	$688K	75x	as long as short
Bitget TRUMPUSDT	+0.0086%	4h	2.1470	+0.181%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1476	+0.209%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1469	+0.174%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1482	+0.237%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	+0.134%	$399K	$148K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1450	+0.087%	$173K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.227%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.181%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1477	+0.212%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0284%	1h	2.1486	+0.255%	$383K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1488	+0.265%	$1.3M	$2.3M	50x	as long as short