Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Pacifica against Gate+0.046%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.046%, 7d avg +0.016%

Together, before fees+0.130%+ Points / potential airdropPacifica: Active · farm board+$13 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: Pacifica is 0.030% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1770	0.0100	pay 0.0050% / 4h	2h 33m	$7.4M	$46.8M	75x
Short	Pacifica TRUMP	2.1780	0.0100	get 0.0013% / 1h	33m 35s	$188K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.016%: $3.02
Slippage, 4 orders: −$38.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$58.67
Costs to cover: 0.617%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Pacifica: live order book, 54 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	4.61 bp	15.2 bp −$15	33.6 bp −$336	72.0 bp −$7,204	doesn't fit
Sell Pacifica live order book, 54 min ago	8.48 bp	17.3 bp −$17	doesn't fit	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	−0.1787%	1h	2.1600	−0.781%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1797	+0.122%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1798	+0.130%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1799	+0.133%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1805	+0.161%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1802	+0.145%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1776	+0.028%	$970K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1775	+0.024%	$118K	$247K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.1757	−0.062%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1800	+0.138%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TRUMP_USDC	+0.0094%	4h	2.1750	−0.092%	$478K	$134K	125x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1791	+0.097%	$457K	$834K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1780	+0.046%	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1764	−0.029%	$62.0M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1760	−0.046%	$30.3M	$42.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	−0.046%	$26.5M	$147.1M	50x	as long as short
Gate TRUMP_USDTlong	+0.0100%	4h	2.1770	long leg	$7.4M	$46.8M	75x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1780	+0.046%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	0.000%	$15.4M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1744	−0.118%	$679K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1801	+0.143%	$185K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.276%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1790	+0.092%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.276%	$512K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1757	−0.057%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1785	+0.069%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0145%	1h	2.1810	+0.184%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0173%	1h	2.1816	+0.211%	$261K	$262K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1803	+0.153%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1830	+0.276%	$280K	$398K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1810	+0.184%	$4.2M	$494K	75x	as long as short