Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h +0.026%

Price spread now: Orderly against gTrade (Gains Network)−0.026%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 Orderly

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. Orderly is 0.026% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 24 hours 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	2.2106	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	25m 25s	$42K	—	150x
Short	Orderly PERP_TRUMP_USDC	2.2100	0.0097	get 0.0048% / 4h	3h 25m	$3K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.026%Rate

Funding earned: $18.56
Price spread: −0.026% → 0.000%: −$2.62
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.07
Costs to cover: 0.160%
Break-even: 7.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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	2.1910	−0.886%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2117	+0.049%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2092	−0.062%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2121	+0.069%	$415K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.2106	long leg	$42K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.2029	−0.348%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2106	+0.001%	$982K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0097%	4h	2.2100	−0.026%	$3K	$249K	10x
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2104	−0.010%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2117	+0.052%	$460K	$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	2.2120	+0.063%	$191K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2120	+0.064%	$63.2M	$222.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2110	+0.019%	$31.0M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2120	+0.064%	$27.4M	$154.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2110	+0.019%	$7.6M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2110	+0.019%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2120	+0.064%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2130	+0.109%	$16.2M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	−0.020%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2052	−0.242%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2140	+0.155%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2117	+0.051%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	+0.155%	$559K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2100	−0.026%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2105	−0.004%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0164%	1h	2.2148	+0.191%	$14.3M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2110	+0.020%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2030	−0.343%	$4.2M	$627K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0450%	1h	2.2135	+0.132%	$259K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.429%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0778%	1h	2.2139	+0.150%	$1.3M	$2.5M	50x	as long as short