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 +0.024%

Price spread now: MEXC against gTrade (Gains Network)−0.086%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 MEXC

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. MEXC is 0.086% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 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	2.1549	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	5m 16s	$41K	—	150x
Short	MEXC TRUMP_USDC	2.1530	0.0100	get 0.0050% / 4h	2h 05m	$401K	$150K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.086%Rate

Funding earned: $19.26
Price spread: −0.086% → 0.000%: −$8.63
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.63
Costs to cover: 0.100%
Break-even: 6.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 34 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 MEXC live order book, 34 min ago	2.36 bp	2.4 bp −$2	14.9 bp −$149	132.3 bp −$13.2K	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	2.1440	−0.504%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0344%	1h	2.1536	−0.058%	$952K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0291%	1h	2.1545	−0.017%	$82	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0276%	4h	2.1540	−0.040%	$60.7M	$251.7M	75x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1529	−0.092%	$74K	$739K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1532	−0.079%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0205%	4h	2.1540	−0.040%	$30.6M	$52.3M	50x	as long as short
Variational Omni TRUMP	−0.0180%	4h	2.1531	−0.081%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0165%	8h	2.1520	−0.132%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0139%	4h	2.1567	+0.083%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0108%	4h	2.1550	+0.006%	$7.7M	$53.9M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0082%	4h	2.1530	−0.086%	$26.6M	$185.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1530	−0.086%	$4K	$234K	10x	as long as short
BloFin TRUMP-USDT	−0.0036%	4h	2.1530	−0.086%	$4.1M	$690K	75x	as long as short
dYdX TRUMP-USD	−0.0016%	1h	2.1556	+0.035%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1543	−0.026%	$406K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1549	long leg	$41K	—	150x
Aevo TRUMP-PERP	+0.0016%	1h	2.1525	−0.110%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1517	−0.146%	$182K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1549	+0.001%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	+0.006%	$405K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1536	−0.057%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1530	−0.086%	$401K	$150K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1540	−0.040%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1540	−0.040%	$15.4M	$27.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.006%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1550	+0.006%	$486K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1551	+0.013%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1569	+0.095%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0264%	1h	2.1573	+0.113%	$384K	$413K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1550	+0.006%	$215K	$408K	50x	as long as short