Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0338%/8h= +37.0% APRnext payment +$1.69 per $10,000 · paid last 24h —

Price spread now: Phemex against Gate−0.047%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1181.177% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 6 hours (all we have)+0.024%+$2 · spread now −0.047%, 7d avg −0.023%

Together, before fees—needs both histories

Funding pays, the price is against you. Phemex is 0.024% cheaper against Gate than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of −0.023%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1360	−0.0238	get 0.0119% / 4h	50m 14s	$7.7M	$46.2M	75x
Short	Phemex TRUMPUSDT	2.1350	0.0100	get 0.0050% / 4h	50m 14s	$275K	$610K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.047%Rate

Funding earned: $70.98
Price spread: −0.047% → −0.023%: −$2.38
Slippage, 4 orders: −$90.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$49.11
Costs to cover: 1.177%
Break-even: 11.8 days

Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 40 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, 2 min ago	2.34 bp	11.6 bp −$12	29.7 bp −$297	71.2 bp −$7,124	doesn't fit
Sell Phemex live order book, 40 min ago	4.69 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
SoDEX TRUMP-USD	−0.0487%	1h	2.1385	+0.117%	$80	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0386%	4h	2.1351	−0.042%	$62.4M	$236.6M	75x	as long as short
Extended TRUMP-USD	−0.0384%	1h	2.1378	+0.082%	$74K	$483K	25x	as long as short
Variational Omni TRUMP	−0.0381%	4h	2.1339	−0.097%	$664K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0331%	4h	2.1350	−0.047%	$31.0M	$48.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1360	0.000%	$128K	$521K	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0313%	4h	2.1350	−0.047%	$27.1M	$172.1M	50x	as long as short
Lighter TRUMP	−0.0288%	1h	2.1345	−0.070%	$913K	$929K	10x	as long as short
MEXC TRUMP_USDC	−0.0274%	4h	2.1360	0.000%	$386K	$142K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1399	+0.184%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDTlong	−0.0238%	4h	2.1360	long leg	$7.7M	$46.2M	75x
KuCoin TRUMPUSDTM	−0.0238%	4h	2.1360	0.000%	$4.3M	$10.0M	50x	as long as short
edgeX TRUMPUSDC	−0.0187%	4h	2.1416	+0.264%	$104K	$253K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0166%	8h	2.1346	−0.065%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0139%	4h	2.1320	−0.187%	$4.3M	$654K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0089%	4h	2.1370	+0.047%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0036%	4h	2.1370	+0.047%	$15.5M	$24.7M	75x	as long as short
dYdX TRUMP-USD	−0.0033%	1h	2.1354	−0.027%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1398	+0.177%	$19K	—	3x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1389	+0.136%	$384K	$67K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1421	+0.288%	$40K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0014%	4h	2.1427	+0.314%	$179K	$4.0M	10x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.047%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1361	+0.005%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1333	−0.127%	$402K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1342	−0.084%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1440	+0.375%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1350	−0.047%	$485K	$2.4M	50x	as long as short
Phemex TRUMPUSDTshort	+0.0100%	4h	2.1350	−0.047%	$275K	$610K	50x
Backpack TRUMP_USDC_PERP	+0.0164%	1h	2.1387	+0.126%	$382K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0219% / S −0.0221%	1h	2.1425	+0.305%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0327%	1h	2.1393	+0.154%	$1.4M	$2.1M	50x	as long as short