Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h −0.011%

Price spread now: dYdX against Gate+0.119%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and dYdX is 0.119% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1530	−0.0276	get 0.0138% / 4h	2h 19m	$7.8M	$48.5M	75x
Short	dYdX TRUMP-USD	2.1556	−0.0006	pay 0.0001% / 1h	19m 20s	$26K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $56.74
Price spread: +0.119% → 0.000%: $11.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: $43.67
Costs to cover: 0.250%
Break-even: 1.6 days

Slippage unknown: Gate: live order book, 3 min ago; dYdX: 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 Gate live order book, 3 min ago	2.32 bp	13.6 bp −$14	27.4 bp −$274	67.8 bp −$6,783	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 32 exchanges

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	−0.1841%	1h	2.1600	+0.325%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0390%	4h	2.1541	+0.049%	$669K	$403K	—	as long as short
Bybit TRUMPUSDT	−0.0378%	4h	2.1530	0.000%	$31.4M	$49.6M	50x	as long as short
SoDEX TRUMP-USD	−0.0336%	1h	2.1529	−0.005%	$67	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0335%	4h	2.1520	−0.046%	$27.2M	$177.6M	50x	as long as short
Binance TRUMPUSDT	−0.0298%	4h	2.1529	−0.007%	$63.2M	$242.2M	75x	as long as short
Extended TRUMP-USD	−0.0296%	1h	2.1518	−0.054%	$74K	$494K	25x	as long as short
Gate TRUMP_USDTlong	−0.0276%	4h	2.1530	long leg	$7.8M	$48.5M	75x
Lighter TRUMP	−0.0272%	1h	2.1515	−0.070%	$931K	$979K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1530	+0.002%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.046%	$133K	$516K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0225%	8h	2.1513	−0.077%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0149%	4h	2.1552	+0.100%	$105K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0122%	4h	2.1530	0.000%	$4.2M	$10.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0121%	1h	2.1538	+0.037%	$387K	$78K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0080%	4h	2.1530	0.000%	$5K	$313K	10x	as long as short
MEXC TRUMP_USDC	−0.0078%	4h	2.1510	−0.093%	$392K	$151K	125x	as long as short
BloFin TRUMP-USDT	−0.0059%	4h	2.1580	+0.232%	$4.3M	$680K	75x	as long as short
Bitget TRUMPUSDT	−0.0022%	4h	2.1540	+0.046%	$15.4M	$25.7M	75x	as long as short
dYdX TRUMP-USDshort	−0.0006%	1h	2.1556	+0.119%	$26K	$3K	5x
Aevo TRUMP-PERP	+0.0008%	1h	2.1515	−0.070%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1544	+0.065%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1561	+0.144%	$1.3M	$2.2M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0020%	4h	2.1545	+0.070%	$178K	$4.2M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1552	+0.102%	$13.7M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1536	+0.026%	$406K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1519	−0.053%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.093%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	+0.186%	$497K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1540	+0.046%	$88K	$236K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0187% / S −0.0181%	1h	2.1548	+0.083%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0215%	1h	2.1568	+0.176%	$385K	$405K	10x	as long as short