Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h −0.003%

Price spread now: Gate against Extended+0.142%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)−0.480%−$48 · spread now +0.142%, 7d avg +0.047%

Together, before fees−0.337%+ Points / potential airdropExtended: Active · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.096% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1629	−0.0224	get 0.0028% / 1h	13m 20s	$75K	$491K	25x
Short	Gate TRUMP_USDT	2.1660	−0.0078	pay 0.0039% / 4h	3h 13m	$7.8M	$50.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.142%Rate

Funding earned: $30.66
Price spread: +0.142% → +0.047%: $9.56
Slippage, 4 orders: −$28.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.88
Costs to cover: 0.481%
Break-even: 8.8 days

Slippage from Extended: live order book, 19 min ago; Gate: live order book, 6 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 Extended live order book, 19 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	2.31 bp	15.5 bp −$16	26.0 bp −$260	68.8 bp −$6,877	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	2.1600	−0.135%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0417%	4h	2.1640	+0.050%	$31.2M	$50.9M	50x	as long as short
Variational Omni TRUMP	−0.0331%	4h	2.1712	+0.382%	$674K	$419K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0304%	1h	2.1648	+0.087%	$392K	$68K	10x	as long as short
SoDEX TRUMP-USD	−0.0280%	1h	2.1636	+0.031%	$68	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0255%	4h	2.1640	+0.050%	$27.3M	$181.4M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1641	+0.057%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0227%	4h	2.1650	+0.096%	$63.3M	$246.1M	75x	as long as short
Extended TRUMP-USDlong	−0.0224%	1h	2.1629	long leg	$75K	$491K	25x
Lighter TRUMP	−0.0208%	1h	2.1634	+0.022%	$944K	$995K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0138%	8h	2.1649	+0.092%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1640	+0.050%	$143K	$511K	50x	as long as short
edgeX TRUMPUSDC	−0.0111%	4h	2.1691	+0.284%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0084%	4h	2.1630	+0.004%	$5K	$311K	10x	as long as short
Gate TRUMP_USDTshort	−0.0078%	4h	2.1660	+0.142%	$7.8M	$50.7M	75x
KuCoin TRUMPUSDTM	−0.0048%	4h	2.1660	+0.142%	$4.2M	$10.6M	50x	as long as short
dYdX TRUMP-USD	−0.0012%	1h	2.1666	+0.169%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDT	+0.0004%	4h	2.1660	+0.142%	$15.4M	$26.0M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1664	+0.162%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0013%	4h	2.1640	+0.050%	$4.3M	$690K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1640	+0.050%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0066%	4h	2.1650	+0.096%	$402K	$150K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1678	+0.226%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1664	+0.162%	$412K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1667	+0.175%	$186K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1695	+0.306%	$183K	$4.2M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1660	+0.142%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1670	+0.189%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0120%	1h	2.1673	+0.202%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1660	+0.144%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0371%	1h	2.1715	+0.397%	$384K	$414K	10x	as long as short