Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0221%/8h= −24.1% APRpaid last 24h −0.043%

Price spread now: edgeX against GMX−0.105%7-day average — · you buy dearer than you sell

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

Long on GMX Short on edgeX

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 airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.105% cheaper against GMX than usual: you would sell low and buy high (−$11 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	GMX TRUMP/USD [ETH-USDC]	2.1569	L +0.0216% / S −0.0188%	pay 0.0027% / 1h	17m 12s	$10K	—	100x
Short	edgeX TRUMPUSDC	2.1546	−0.0005	pay 0.0002% / 4h	17m 12s	$105K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$46.31
Price spread: −0.105% → 0.000%: −$10.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$77.86
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 40 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 edgeX live order book, 40 min ago	6.97 bp	14.4 bp −$14	39.6 bp −$396	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	−0.1690%	1h	2.1430	−0.644%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1542	−0.127%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0119%	1h	2.1555	−0.065%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1560	−0.042%	$7.6M	$51.0M	75x	as long as short
Lighter TRUMP	−0.0048%	1h	2.1556	−0.060%	$954K	$957K	10x	as long as short
Binance TRUMPUSDT	−0.0010%	4h	2.1560	−0.042%	$60.6M	$241.7M	75x	as long as short
Variational Omni TRUMP	−0.0009%	4h	2.1551	−0.083%	$665K	$488K	—	as long as short
Extended TRUMP-USD	−0.0008%	1h	2.1549	−0.091%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDCshort	−0.0005%	4h	2.1546	−0.105%	$105K	$264K	20x
dYdX TRUMP-USD	−0.0002%	1h	2.1556	−0.060%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1562	−0.032%	$406K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1565	−0.020%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0031%	8h	2.1545	−0.113%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1550	−0.088%	$4K	$206K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1550	−0.088%	$19K	—	3x	as long as short
Bybit TRUMPUSDT	+0.0082%	4h	2.1560	−0.042%	$30.5M	$49.5M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1588	+0.088%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1569	+0.001%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1557	−0.056%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1560	−0.042%	$27.2M	$173.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	−0.088%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1560	−0.042%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	+0.005%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1585	+0.074%	$253K	$318K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1530	−0.180%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.051%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.051%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0216% / S −0.0188%	1h	2.1569	long leg	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1588	+0.087%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0230%	4h	2.1560	−0.042%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1560	−0.042%	$279K	$280K	50x	as long as short