Settings8H · net · $10k
Funding arb · Price arb /

TRUMP

all TRUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0133%/8h= +14.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.056%
Price spread now: GMX against gTrade (Gains Network)+0.027%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.027% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TRUMP/USD2.1861L +0.0008% / S −0.0007%pay 0.0001% / 1h47m 48s$41K150x
ShortGMX TRUMP/USD [ETH-USDC]2.1867L +0.0171% / S −0.0141%get 0.0018% / 1h47m 48s$10K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$27.91
Price spread: +0.027% → 0.000%
$2.69
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$8.6
Costs to cover
0.220%
Break-even
4.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell GMX no order-book sample
gTrade (Gains Network) and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective TRUMP/USDC PERP−0.1765%1h2.1690−0.782%$13K$157K12xas long as short
Reya TRUMPRUSDPERP−0.0245%1h2.1851−0.044%$510xas long as short
Binance TRUMPUSDT−0.0033%4h2.1810−0.233%$61.6M$243.9M75xas long as short
Extended TRUMP-USD−0.0032%1h2.1819−0.192%$75K$722K25xas long as short
SoDEX TRUMP-USD−0.0026%1h2.1850−0.050%$95$6K5xas long as short
edgeX TRUMPUSDC−0.0015%4h2.1745−0.529%$106K$264K20xas long as short
dYdX TRUMP-USD0.0000%1h2.1856−0.022%$27K$5125xas long as short
Deribit TRUMP_USDC-PERPETUAL0.0000%1h2.1856−0.023%$411K$72K10xas long as short
gTrade (Gains Network) TRUMP/USDlongL +0.0008% / S −0.0007%1h2.1861long leg$41K150x
Variational Omni TRUMP+0.0014%4h2.1781−0.365%$676K$514Kas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TRUMP_USDC+0.0040%4h2.1850−0.050%$4K$178K10xas long as short
Paradex TRUMP-USD-PERP+0.0043%8h2.1847−0.066%$5K$1755xas long as short
Aevo TRUMP-PERP+0.0072%1h2.1840−0.096%$19K3xas long as short
Lighter TRUMP+0.0096%1h2.1850−0.050%$967K$959K10xas long as short
Hyperliquid TRUMP+0.0100%1h2.1840−0.096%$13.8M$8.0M10xas long as short
Aster TRUMPUSDT+0.0100%4h2.1874+0.060%$428K$816K20xas long as short
Pacifica TRUMP+0.0100%1h2.1843−0.082%$188K$52K10xas long as short
Bybit TRUMPUSDT+0.0100%4h2.1820−0.188%$30.8M$49.9M50xas long as short
OKX TRUMP-USDT-SWAP+0.0100%4h2.1820−0.188%$27.8M$178.3M50xas long as short
Gate TRUMP_USDT+0.0100%4h2.1830−0.142%$7.8M$50.9M75xas long as short
MEXC TRUMP_USDC+0.0100%4h2.1850−0.050%$411K$149K125xas long as short
KuCoin TRUMPUSDTM+0.0100%4h2.1850−0.050%$4.3M$11.1M50xas long as short
Bitget TRUMPUSDT+0.0100%4h2.1830−0.142%$15.8M$25.9M75xas long as short
GRVT TRUMP_USDT_Perp+0.0100%4h2.1815−0.209%$187K$4.6M10xas long as short
SunX TRUMP-USDT+0.0100%4h2.1870+0.041%$2K$1.6M50xas long as short
HTX TRUMP-USDT+0.0100%4h2.1870+0.041%$510K$2.3M50xas long as short
Kraken Futures PF_TRUMPUSD+0.0171%1h2.1876+0.069%$1.3M$2.2M50xas long as short
GMX TRUMP/USD [ETH-USDC]shortL +0.0171% / S −0.0141%1h2.1867+0.027%$10K100x
BloFin TRUMP-USDT+0.0207%4h2.1760−0.462%$4.2M$683K75xas long as short
Coinbase International TRUMP-PERP-INTX+0.0400%1h2.1520−1.560%$278K$275K50xas long as short
Backpack TRUMP_USDC_PERP+0.0469%1h2.1889+0.128%$344K$375K10xas long as short