Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.023%

Price spread now: Aster against GMX+0.120%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.120% dearer against GMX than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.2158	L +0.0216% / S −0.0188%	pay 0.0027% / 1h	50m 15s	$10K	—	100x
Short	Aster TRUMPUSDT	2.2185	0.0100	get 0.0050% / 4h	50m 15s	$462K	$835K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$24.43
Price spread: +0.120% → 0.000%: $12.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.4
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 27 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 27 min ago	4.57 bp	9.9 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit

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	−0.1537%	1h	2.2010	−0.668%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2172	+0.064%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2197	+0.177%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2161	+0.014%	$416K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2156	−0.009%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2074	−0.380%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2160	+0.009%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0095%	8h	2.2207	+0.221%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2191	+0.149%	$995K	$727K	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.2185	+0.120%	$462K	$835K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2200	+0.190%	$191K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2160	+0.009%	$63.5M	$222.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2150	−0.036%	$31.1M	$43.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2160	+0.009%	$27.4M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2160	+0.009%	$7.5M	$47.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2150	−0.036%	$485K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2190	+0.145%	$4.8M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2160	+0.009%	$15.8M	$21.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2172	+0.064%	$624K	$348K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2130	−0.124%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2190	+0.145%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2165	+0.032%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2200	+0.190%	$528K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2161	+0.012%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2160	+0.009%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0216% / S −0.0188%	1h	2.2158	long leg	$10K	—	100x
Hyperliquid TRUMP	+0.0332%	1h	2.2200	+0.190%	$14.3M	$7.4M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2180	+0.099%	$4.2M	$634K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2010	−0.668%	$284K	$401K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0649%	1h	2.2199	+0.185%	$262K	$275K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0861%	1h	2.2184	+0.118%	$1.3M	$2.5M	50x	as long as short