Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: Bybit against gTrade (Gains Network)+0.068%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Bybit

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.068% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 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	gTrade (Gains Network) TRUMP/USD	2.2035	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	33m 06s	$42K	—	150x
Short	Bybit TRUMPUSDT	2.2050	0.0100	get 0.0050% / 4h	3h 33m	$30.9M	$44.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $19.26
Price spread: +0.068% → 0.000%: $6.81
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $5.07
Costs to cover: 0.210%
Break-even: 5.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	2.27 bp	9.6 bp −$10	17.7 bp −$177	110.1 bp −$11.0K	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	−0.1608%	1h	2.1960	−0.340%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2042	+0.030%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2056	+0.097%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2030	−0.023%	$413K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.2035	long leg	$42K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.1969	−0.300%	$120K	$250K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2030	−0.023%	$981K	$766K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.2020	−0.068%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2071	+0.162%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2050	+0.068%	$459K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2086	+0.232%	$190K	$58K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2060	+0.113%	$63.1M	$222.1M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.2050	+0.068%	$30.9M	$44.5M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2050	+0.068%	$27.2M	$153.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2060	+0.113%	$7.6M	$47.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2030	−0.023%	$477K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2060	+0.113%	$4.2M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2070	+0.159%	$16.0M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1972	−0.288%	$706K	$443K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1990	−0.205%	$180K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2050	+0.068%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2035	0.000%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2060	+0.113%	$557K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2020	−0.066%	$79K	$619K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2015	−0.091%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0198%	1h	2.2080	+0.204%	$14.2M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2028	−0.031%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2040	+0.023%	$4.2M	$629K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0452%	1h	2.2081	+0.209%	$258K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.112%	$283K	$272K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0781%	1h	2.2072	+0.166%	$1.3M	$2.5M	50x	as long as short