Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h −0.006%

Price spread now: Paradex against Gate−0.085%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.085% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1730	−0.0064	get 0.0032% / 4h	2h 59m	$7.8M	$50.9M	75x
Short	Paradex TRUMP-USD-PERP	2.1712	−0.0142	pay 0.0142% / 8h	6h 59m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$16.46
Price spread: −0.085% → 0.000%: −$8.5
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$43.96
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Paradex: 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, 4 min ago	2.30 bp	13.5 bp −$14	39.9 bp −$399	81.7 bp −$8,167	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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	2.1600	−0.598%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0349%	4h	2.1710	−0.092%	$31.3M	$50.6M	50x	as long as short
SoDEX TRUMP-USD	−0.0347%	1h	2.1738	+0.037%	$69	$6K	5x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.005%	$675K	$419K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0301%	1h	2.1751	+0.097%	$390K	$73K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	+0.051%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0244%	4h	2.1710	−0.092%	$27.5M	$180.9M	50x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1719	−0.051%	$77K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0239%	4h	2.1705	−0.114%	$63.6M	$244.8M	75x	as long as short
Lighter TRUMP	−0.0224%	1h	2.1705	−0.115%	$944K	$966K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERPshort	−0.0142%	8h	2.1712	−0.085%	$5K	$175	5x
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1720	−0.046%	$142K	$514K	50x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1745	+0.070%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0082%	4h	2.1740	+0.046%	$5K	$318K	10x	as long as short
Gate TRUMP_USDTlong	−0.0064%	4h	2.1730	long leg	$7.8M	$50.9M	75x
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1730	0.000%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1756	+0.118%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDT	−0.0002%	4h	2.1720	−0.046%	$15.4M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	+0.0004%	4h	2.1750	+0.092%	$4.3M	$694K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.156%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1740	+0.046%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0050%	4h	2.1720	−0.046%	$403K	$147K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1747	+0.081%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1740	+0.047%	$413K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1730	0.000%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1752	+0.102%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1760	+0.138%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1760	+0.138%	$502K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1740	+0.046%	$3K	$26K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0119%	1h	2.1784	+0.248%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	+0.179%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0382%	1h	2.1772	+0.193%	$388K	$411K	10x	as long as short