Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.003%

Price spread now: Extended against Gate−0.049%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.049%, 7d avg −0.046%

Together, before fees−0.112%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1470	0.0100	pay 0.0050% / 4h	3h 56m	$7.7M	$49.4M	75x
Short	Extended TRUMP-USD	2.1459	−0.0208	pay 0.0026% / 1h	56m 08s	$74K	$492K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$64.68
Price spread: −0.049% → −0.046%: −$0.28
Slippage, 4 orders: −$32.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$117.22
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Extended: live order book, 41 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	4.65 bp	18.3 bp −$18	38.5 bp −$385	72.7 bp −$7,265	doesn't fit
Sell Extended live order book, 41 min ago	7.01 bp	10.1 bp −$10	33.1 bp −$331	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	−0.1829%	1h	2.1380	−0.419%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0482%	1h	2.1465	−0.023%	$72	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0355%	1h	2.1476	+0.028%	$404K	$65K	10x	as long as short
Bybit TRUMPUSDT	−0.0338%	4h	2.1450	−0.093%	$30.6M	$52.1M	50x	as long as short
Variational Omni TRUMP	−0.0283%	4h	2.1472	+0.010%	$663K	$421K	—	as long as short
Lighter TRUMP	−0.0256%	1h	2.1458	−0.056%	$938K	$988K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1472	+0.008%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0212%	4h	2.1470	0.000%	$60.8M	$247.7M	75x	as long as short
Extended TRUMP-USDshort	−0.0208%	1h	2.1459	−0.049%	$74K	$492K	25x
OKX TRUMP-USDT-SWAP	−0.0205%	4h	2.1450	−0.093%	$26.9M	$183.0M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1470	0.000%	$168K	$481K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0126%	8h	2.1494	+0.111%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0103%	4h	2.1484	+0.063%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0086%	4h	2.1470	0.000%	$5K	$290K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1540	+0.326%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	0.0000%	4h	2.1470	0.000%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1485	+0.068%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0031%	4h	2.1510	+0.186%	$4.2M	$688K	75x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1455	−0.070%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0056%	4h	2.1460	−0.047%	$15.3M	$26.7M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1504	+0.158%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1485	+0.072%	$403K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1528	+0.269%	$185K	$54K	10x	as long as short
Gate TRUMP_USDTlong	+0.0100%	4h	2.1470	long leg	$7.7M	$49.4M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	−0.047%	$399K	$146K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1506	+0.165%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.186%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.047%	$494K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1495	+0.118%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1481	+0.053%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0311%	1h	2.1484	+0.065%	$384K	$418K	10x	as long as short