Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.025%

Price spread now: Deribit against Gate+0.023%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.023%, 7d avg +0.026%

Together, before fees−0.249%−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.245%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1320	−0.0108	get 0.0054% / 4h	1h 34m	$7.6M	$53.6M	75x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1325	0	get 0.0000% / 1h	34m 15s	$402K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $22.68
Price spread: +0.023% → +0.026%: −$0.27
Slippage, 4 orders: −$29.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.69
Costs to cover: 0.511%
Break-even: 15.9 days

Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 9 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, 5 min ago	2.34 bp	11.7 bp −$12	21.4 bp −$214	68.0 bp −$6,795	doesn't fit
Sell Deribit live order book, 9 min ago	8.18 bp	11.7 bp −$12	22.3 bp −$223	doesn't fit	doesn't fit

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	−0.1927%	1h	2.1290	−0.141%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1307	−0.063%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0212%	4h	2.1330	+0.047%	$60.2M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1315	−0.024%	$74K	$686K	25x	as long as short
Variational Omni TRUMP	−0.0157%	4h	2.1351	+0.147%	$659K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0110%	4h	2.1406	+0.405%	$104K	$264K	20x	as long as short
Gate TRUMP_USDTlong	−0.0108%	4h	2.1320	long leg	$7.6M	$53.6M	75x
OKX TRUMP-USDT-SWAP	−0.0104%	4h	2.1320	0.000%	$26.3M	$183.8M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1353	+0.154%	$1.3M	$2.3M	50x	as long as short
Bybit TRUMPUSDT	−0.0084%	4h	2.1320	0.000%	$30.3M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0067%	8h	2.1317	−0.016%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1320	0.000%	$5K	$244K	10x	as long as short
SoDEX TRUMP-USD	−0.0059%	1h	2.1325	+0.023%	$80	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1336	+0.076%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1325	+0.023%	$402K	$81K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1325	+0.025%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1310	−0.047%	$18K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0025%	4h	2.1370	+0.235%	$4.1M	$684K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1325	+0.023%	$942K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1321	+0.005%	$13.4M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1333	+0.062%	$400K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1337	+0.078%	$183K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1320	0.000%	$396K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1320	0.000%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1320	0.000%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1385	+0.305%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1350	+0.141%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1330	+0.047%	$480K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1373	+0.250%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1340	+0.094%	$203K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0314%	1h	2.1395	+0.352%	$379K	$415K	10x	as long as short