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: OKX against gTrade (Gains Network)−0.427%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 OKX

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. OKX is 0.427% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.427% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$43 on $10k: about 16 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	2.2195	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	1m 34s	$42K	—	150x
Short	OKX TRUMP-USDT-SWAP	2.2100	0.0100	get 0.0050% / 4h	3h 01m	$28.8M	$163.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.427%Rate

Funding earned: $19.26
Price spread: −0.427% → 0.000%: −$42.71
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$43.45
Costs to cover: 0.200%
Break-even: 22.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: 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 OKX live order book, 2 min ago	2.25 bp	7.3 bp −$7	11.4 bp −$114	56.6 bp −$5,660	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	2.2180	−0.067%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2161	−0.150%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2156	−0.174%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2185	−0.044%	$416K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.2195	long leg	$42K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.020%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.2116	−0.357%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0093%	4h	2.2180	−0.067%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2139	−0.251%	$982K	$784K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2184	−0.049%	$14.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.2172	−0.102%	$463K	$837K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2160	−0.159%	$192K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2108	−0.391%	$63.8M	$230.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2090	−0.472%	$31.4M	$46.5M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.2100	−0.427%	$28.8M	$163.3M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.2120	−0.337%	$7.9M	$49.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2140	−0.247%	$477K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2170	−0.112%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2110	−0.382%	$16.0M	$23.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	+0.568%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+0.803%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2180	−0.067%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2155	−0.179%	$82	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2220	+0.114%	$576K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2105	−0.406%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2237	+0.191%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2195	0.000%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2210	+0.068%	$4.3M	$675K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0444%	1h	2.2170	−0.112%	$259K	$305K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2230	+0.159%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0777%	1h	2.2182	−0.058%	$1.3M	$2.6M	50x	as long as short