Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: Bitget against gTrade (Gains Network)−0.069%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 Bitget

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—needs both histories

Funding pays, the price is against you. Bitget is 0.069% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.5 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	2.1565	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	52m 00s	$41K	—	150x
Short	Bitget TRUMPUSDT	2.1550	0.0100	get 0.0050% / 4h	2h 52m	$15.5M	$26.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.069%Rate

Funding earned: $19.26
Price spread: −0.069% → 0.000%: −$6.86
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.61
Costs to cover: 0.220%
Break-even: 10.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.33 bp	10.7 bp −$11	15.4 bp −$154	50.4 bp −$5,041	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 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	−0.1827%	1h	2.1390	−0.811%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0426%	1h	2.1555	−0.045%	$87	$6K	5x	as long as short
Lighter TRUMP	−0.0384%	1h	2.1548	−0.078%	$953K	$994K	10x	as long as short
Bybit TRUMPUSDT	−0.0260%	4h	2.1530	−0.161%	$30.6M	$50.9M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1542	−0.108%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0230%	8h	2.1557	−0.037%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0213%	1h	2.1569	+0.019%	$406K	$72K	10x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1549	−0.072%	$74K	$718K	25x	as long as short
Binance TRUMPUSDT	−0.0198%	4h	2.1533	−0.146%	$60.8M	$246.7M	75x	as long as short
Gate TRUMP_USDT	−0.0190%	4h	2.1540	−0.115%	$7.7M	$52.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0092%	4h	2.1499	−0.304%	$105K	$264K	20x	as long as short
Variational Omni TRUMP	−0.0086%	4h	2.1551	−0.063%	$665K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0046%	1h	2.1546	−0.087%	$27K	$508	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0019%	4h	2.1540	−0.115%	$5K	$209K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0012%	4h	2.1550	−0.068%	$180K	$4.7M	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1565	long leg	$41K	—	150x
OKX TRUMP-USDT-SWAP	+0.0015%	4h	2.1510	−0.254%	$27.4M	$179.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1541	−0.111%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0045%	4h	2.1540	−0.115%	$4.2M	$648K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1557	−0.036%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1551	−0.066%	$405K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1564	−0.006%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1560	−0.022%	$401K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1560	−0.022%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1550	−0.069%	$15.5M	$26.3M	75x
SunX TRUMP-USDT	+0.0100%	4h	2.1590	+0.117%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	+0.024%	$491K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1568	+0.016%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1585	+0.093%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0388%	1h	2.1574	+0.043%	$382K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.163%	$286K	$305K	50x	as long as short