Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.024%

Price spread now: Paradex against gTrade (Gains Network)−0.147%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.147% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5.6 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	2.2086	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	40m 26s	$42K	—	150x
Short	Paradex TRUMP-USD-PERP	2.2054	0.0096	get 0.0096% / 8h	40m 26s	$5K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.147%Rate

Funding earned: $18.48
Price spread: −0.147% → 0.000%: −$14.74
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.26
Costs to cover: 0.140%
Break-even: 10.9 days

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

gTrade (Gains Network) and Paradex: 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	−0.1537%	1h	2.1970	−0.526%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1992	−0.425%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2081	−0.024%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2080	−0.028%	$414K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.2086	long leg	$42K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.2145	+0.264%	$121K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2090	+0.017%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2073	−0.060%	$990K	$738K	10x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0096%	8h	2.2054	−0.147%	$5K	—	5x
Aster TRUMPUSDT	+0.0100%	4h	2.2062	−0.111%	$460K	$832K	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	2.2068	−0.081%	$190K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2023	−0.288%	$63.6M	$223.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2010	−0.345%	$31.0M	$44.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2020	−0.300%	$27.2M	$152.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2060	−0.119%	$7.5M	$48.1M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1990	−0.436%	$482K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2040	−0.209%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1990	−0.436%	$15.8M	$21.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2142	+0.254%	$650K	$373K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2085	−0.005%	$193K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2110	+0.108%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2080	−0.028%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2100	+0.062%	$565K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2051	−0.159%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2070	−0.073%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2084	−0.012%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0332%	1h	2.2047	−0.177%	$14.2M	$7.5M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2060	−0.119%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2240	+0.696%	$287K	$395K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0523%	1h	2.2109	+0.103%	$261K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0864%	1h	2.2106	+0.089%	$1.3M	$2.5M	50x	as long as short