Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h +0.004%

Price spread now: Binance against gTrade (Gains Network)−0.218%112s7-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 Binance

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—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Binance is 0.218% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 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	gTrade (Gains Network) TRUMP/USD	2.1537	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	51m 27s	$41K	—	150x
Short	Binance TRUMPUSDT	2.1490	−0.0320	pay 0.0160% / 4h	1h 51m	$63.1M	$238.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.218%Rate

Funding earned: −$68.9
Price spread: −0.218% → 0.000%: −$21.82
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$110.72
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 15 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 Binance live order book, 15 min ago	2.31 bp	7.3 bp −$7	12.4 bp −$124	43.5 bp −$4,349	188.1 bp −$94.1K

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	−0.0385%	1h	2.1480	−0.265%	$73	$6K	5x	as long as short
Variational Omni TRUMP	−0.0383%	4h	2.1569	+0.151%	$670K	$398K	—	as long as short
Bybit TRUMPUSDT	−0.0379%	4h	2.1490	−0.218%	$31.3M	$48.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0337%	4h	2.1470	−0.311%	$27.2M	$173.1M	50x	as long as short
Extended TRUMP-USD	−0.0320%	1h	2.1473	−0.298%	$74K	$491K	25x	as long as short
Binance TRUMPUSDTshort	−0.0320%	4h	2.1490	−0.218%	$63.1M	$238.1M	75x
Deribit TRUMP_USDC-PERPETUAL	−0.0308%	1h	2.1492	−0.209%	$386K	$78K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1510	−0.125%	$132K	$516K	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1480	−0.266%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0234%	4h	2.1480	−0.265%	$7.8M	$47.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0179%	8h	2.1468	−0.321%	$5K	$175	5x	as long as short
Lighter TRUMP	−0.0160%	1h	2.1465	−0.334%	$923K	$952K	10x	as long as short
edgeX TRUMPUSDC	−0.0156%	4h	2.1517	−0.092%	$105K	$253K	20x	as long as short
MEXC TRUMP_USDC	−0.0146%	4h	2.1450	−0.404%	$388K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	−0.0124%	4h	2.1460	−0.358%	$4.2M	$10.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1470	−0.311%	$5K	$304K	10x	as long as short
BloFin TRUMP-USDT	−0.0073%	4h	2.1540	+0.014%	$4.3M	$677K	75x	as long as short
Bitget TRUMPUSDT	−0.0020%	4h	2.1480	−0.265%	$15.4M	$25.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1495	−0.195%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1470	−0.311%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1537	long leg	$41K	—	150x
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1517	−0.094%	$1.3M	$2.0M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.293%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0036%	4h	2.1520	−0.078%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1503	−0.157%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1478	−0.275%	$405K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1468	−0.319%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	−0.172%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	−0.125%	$498K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1500	−0.172%	$147K	$354K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0184%	1h	2.1517	−0.093%	$381K	$395K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0195% / S −0.0191%	1h	2.1499	−0.178%	$11K	—	100x	as long as short