Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against Gate0.000%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.008%+$1 · spread now 0.000%, 7d avg −0.022%

Together, before fees−0.022%−$2 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: OKX is 0.022% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1910	0.0100	pay 0.0050% / 4h	1h 25m	$7.4M	$47.3M	75x
Short	OKX TRUMP-USDT-SWAP	2.1910	0.0100	get 0.0050% / 4h	1h 25m	$26.9M	$150.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.022%: $2.19
Slippage, 4 orders: −$16.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.72
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	4.57 bp	15.1 bp −$15	29.6 bp −$296	70.2 bp −$7,017	doesn't fit
Sell OKX live order book, 4 min ago	2.29 bp	7.3 bp −$7	12.7 bp −$127	45.2 bp −$4,517	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	−0.1472%	1h	2.1750	−0.730%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1892	−0.081%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1862	−0.219%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1924	+0.064%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1906	−0.017%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1823	−0.397%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1910	0.000%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.1868	−0.191%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1914	+0.018%	$974K	$678K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1943	+0.151%	$14.1M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1910	0.000%	$457K	$833K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1873	−0.169%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1920	+0.046%	$62.5M	$219.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	0.000%	$30.5M	$43.2M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1910	0.000%	$26.9M	$150.2M	50x
Gate TRUMP_USDTlong	+0.0100%	4h	2.1910	long leg	$7.4M	$47.3M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1910	0.000%	$481K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	+0.046%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1930	+0.091%	$15.5M	$20.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.263%	$687K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.229%	$183K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1900	−0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1925	+0.068%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1950	+0.183%	$534K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1921	+0.050%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1908	−0.009%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1909	−0.003%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	0.000%	$4.2M	$516K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0381%	1h	2.1952	+0.192%	$260K	$271K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.228%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1949	+0.178%	$1.3M	$2.5M	50x	as long as short