Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.039%

Price spread now: GMX against edgeX+0.107%7-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 GMX

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 +$4 a day on $10k at the current rate, and GMX is 0.107% dearer against edgeX than usual: you sell high and buy low: +$11 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	edgeX TRUMPUSDC	2.1865	0.0050	pay 0.0025% / 4h	1h 14m	$119K	$249K	20x
Short	GMX TRUMP/USD [ETH-USDC]	2.1889	L +0.0216% / S −0.0188%	get 0.0023% / 1h	14m 52s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $28.96
Price spread: +0.107% → 0.000%: $10.74
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.71
Costs to cover: 0.210%
Break-even: 2.5 days

Slippage unknown: edgeX: live order book, 2 min ago; GMX: 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, 2 min ago	6.85 bp	14.3 bp −$14	90.4 bp −$904	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1472%	1h	2.1770	−0.435%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1882	+0.078%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1887	+0.100%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1887	+0.100%	$410K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1886	+0.094%	$41K	—	150x	as long as short
edgeX TRUMPUSDClong	+0.0050%	4h	2.1865	long leg	$119K	$249K	20x
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1880	+0.068%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0093%	8h	2.1887	+0.099%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1890	+0.114%	$974K	$682K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1921	+0.258%	$14.1M	$7.4M	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	2.1901	+0.164%	$455K	$833K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1893	+0.127%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1894	+0.132%	$62.5M	$220.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	+0.160%	$30.6M	$43.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1900	+0.160%	$26.9M	$150.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1900	+0.160%	$7.4M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1890	+0.114%	$481K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1900	+0.160%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.160%	$15.5M	$21.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1892	+0.124%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1900	+0.160%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1900	+0.160%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	+0.137%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1920	+0.251%	$532K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1891	+0.116%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1882	+0.078%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.1889	+0.107%	$10K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	−0.023%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0346%	1h	2.1919	+0.247%	$259K	$272K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	+0.251%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1924	+0.268%	$1.3M	$2.5M	50x	as long as short