Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.028%

Price spread now: GMX against Gate+0.305%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 GMX

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—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.305% dearer against Gate than usual: you sell high and buy low: +$30 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	2.2430	0.0100	pay 0.0050% / 4h	3h 07m	$8.0M	$48.8M	75x
Short	GMX TRUMP/USD [ETH-USDC]	2.2498	L +0.0217% / S −0.0188%	get 0.0023% / 1h	7m 26s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.305%Rate

Funding earned: $18.46
Price spread: +0.305% → 0.000%: $30.49
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $21.95
Costs to cover: 0.270%
Break-even: from the start

Slippage unknown: Gate: live order book, 1 min ago; GMX: 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, 1 min ago	2.23 bp	13.7 bp −$14	33.1 bp −$331	75.4 bp −$7,540	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1608%	1h	2.2390	−0.178%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2431	+0.006%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2436	+0.028%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2477	+0.210%	$421K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2440	+0.045%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2462	+0.143%	$109K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0089%	8h	2.2434	+0.020%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.2470	+0.178%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2435	+0.022%	$995K	$782K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2445	+0.069%	$468K	$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	2.2445	+0.066%	$195K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2440	+0.045%	$64.9M	$227.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2430	0.000%	$31.8M	$45.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2430	0.000%	$28.4M	$162.5M	50x	as long as short
Gate TRUMP_USDTlong	+0.0100%	4h	2.2430	long leg	$8.0M	$48.8M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.2420	−0.045%	$483K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2440	+0.045%	$4.4M	$10.7M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2450	+0.089%	$16.3M	$22.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2451	+0.095%	$714K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2470	+0.178%	$190K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2490	+0.267%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2450	+0.089%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2510	+0.357%	$584K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2430	−0.001%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2479	+0.217%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0114%	1h	2.2461	+0.138%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0217% / S −0.0188%	1h	2.2498	+0.305%	$10K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	2.2460	+0.134%	$4.3M	$680K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0465%	1h	2.2480	+0.223%	$263K	$301K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	+0.446%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0767%	1h	2.2475	+0.200%	$1.3M	$2.6M	50x	as long as short