Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: Aster against gTrade (Gains Network)−0.092%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.092% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1371	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	48m 19s	$40K	—	150x
Short	Aster TRUMPUSDT	2.1351	0.0100	get 0.0050% / 4h	48m 19s	$403K	$647K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.092%Rate

Funding earned: $19.26
Price spread: −0.092% → 0.000%: −$9.19
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.93
Costs to cover: 0.180%
Break-even: 9.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 57 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 57 min ago	4.66 bp	14.7 bp −$15	26.0 bp −$260	doesn't fit	doesn't fit

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 32 exchanges

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
SoDEX TRUMP-USD	−0.0449%	1h	2.1355	−0.074%	$80	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0386%	4h	2.1350	−0.098%	$62.4M	$236.1M	75x	as long as short
Extended TRUMP-USD	−0.0384%	1h	2.1358	−0.062%	$76K	$486K	25x	as long as short
Variational Omni TRUMP	−0.0381%	4h	2.1339	−0.148%	$664K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0328%	4h	2.1360	−0.051%	$31.0M	$48.1M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1270	−0.472%	$125K	$520K	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0311%	4h	2.1350	−0.098%	$27.0M	$172.1M	50x	as long as short
MEXC TRUMP_USDC	−0.0280%	4h	2.1330	−0.191%	$386K	$142K	125x	as long as short
Lighter TRUMP	−0.0248%	1h	2.1378	+0.033%	$914K	$929K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1335	−0.170%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TRUMPUSDTM	−0.0238%	4h	2.1330	−0.191%	$4.3M	$10.0M	50x	as long as short
Gate TRUMP_USDT	−0.0236%	4h	2.1350	−0.098%	$7.6M	$46.3M	75x	as long as short
edgeX TRUMPUSDC	−0.0190%	4h	2.1338	−0.154%	$104K	$253K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0162%	8h	2.1376	+0.022%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0146%	4h	2.1280	−0.425%	$4.3M	$652K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0090%	4h	2.1350	−0.098%	$5K	$291K	10x	as long as short
Bitget TRUMPUSDT	−0.0034%	4h	2.1360	−0.051%	$15.4M	$24.7M	75x	as long as short
dYdX TRUMP-USD	−0.0027%	1h	2.1385	+0.064%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1451	+0.374%	$19K	—	3x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1377	+0.029%	$384K	$67K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0004%	4h	2.1352	−0.089%	$179K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1371	long leg	$40K	—	150x
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.098%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1356	−0.070%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1351	−0.092%	$403K	$647K	20x
Pacifica TRUMP	+0.0100%	1h	2.1379	+0.036%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1380	+0.043%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1320	−0.238%	$482K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1290	−0.379%	$276K	$612K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0147%	1h	2.1331	−0.187%	$381K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0219% / S −0.0221%	1h	2.1370	−0.004%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0327%	1h	2.1396	+0.116%	$1.4M	$2.1M	50x	as long as short