Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Gate+0.044%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.044%, 7d avg −0.006%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.051% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.2520	0.0100	pay 0.0050% / 4h	3h 10m	$8.0M	$48.5M	75x
Short	Binance TRUMPUSDT	2.2530	0.0100	get 0.0050% / 4h	3h 10m	$65.0M	$226.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.006%: $5.08
Slippage, 4 orders: −$16.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.93
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Binance: live order book, 3 min ago.

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 Gate live order book, 3 min ago	2.22 bp	14.5 bp −$14	37.4 bp −$374	78.6 bp −$7,858	doesn't fit
Sell Binance live order book, 3 min ago	2.22 bp	7.2 bp −$7	15.0 bp −$150	41.6 bp −$4,161	197.2 bp −$98.6K

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	2.2390	−0.577%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2482	−0.171%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2476	−0.195%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2463	−0.253%	$421K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2480	−0.178%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2556	+0.160%	$110K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0091%	8h	2.2482	−0.168%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.2450	−0.311%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2459	−0.271%	$996K	$781K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2485	−0.155%	$471K	$837K	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	2.2474	−0.203%	$195K	$54K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.2530	+0.044%	$65.0M	$226.6M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2510	−0.044%	$31.9M	$45.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2530	+0.044%	$28.6M	$162.2M	50x	as long as short
Gate TRUMP_USDTlong	+0.0100%	4h	2.2520	long leg	$8.0M	$48.5M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.2520	0.000%	$485K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2530	+0.044%	$4.5M	$10.6M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2540	+0.089%	$16.3M	$22.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2451	−0.305%	$714K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2500	−0.089%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2480	−0.178%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2455	−0.289%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2500	−0.089%	$571K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2515	−0.023%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2450	−0.311%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0127%	1h	2.2549	+0.129%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2474	−0.205%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2470	−0.222%	$4.2M	$680K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0466%	1h	2.2488	−0.142%	$264K	$299K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	+0.044%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0766%	1h	2.2481	−0.173%	$1.3M	$2.6M	50x	as long as short