Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.027%

Price spread now: Gate against GMX−0.011%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 Gate

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.2442	L +0.0217% / S −0.0188%	pay 0.0027% / 1h	7m 00s	$10K	—	100x
Short	Gate TRUMP_USDT	2.2440	0.0100	get 0.0050% / 4h	3h 07m	$8.0M	$48.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.011%Rate

Funding earned: −$24.56
Price spread: −0.011% → 0.000%: −$1.11
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.66
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	2.23 bp	13.1 bp −$13	31.0 bp −$310	64.8 bp −$6,483	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	−0.1608%	1h	2.2320	−0.546%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2431	−0.049%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2436	−0.028%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2446	+0.016%	$421K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2440	−0.011%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2462	+0.087%	$109K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0089%	8h	2.2434	−0.036%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0094%	4h	2.2440	−0.011%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2426	−0.073%	$994K	$782K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2463	+0.089%	$469K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2445	+0.011%	$195K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2440	−0.011%	$64.9M	$227.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2430	−0.056%	$31.8M	$45.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2440	−0.011%	$28.5M	$162.7M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.2440	−0.011%	$8.0M	$48.9M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.2450	+0.033%	$484K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2460	+0.078%	$4.4M	$10.7M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2450	+0.033%	$16.3M	$22.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2451	+0.039%	$714K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2470	+0.123%	$190K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2460	+0.078%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2437	−0.024%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2470	+0.123%	$583K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2429	−0.058%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2424	−0.081%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0113%	1h	2.2479	+0.163%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0217% / S −0.0188%	1h	2.2442	long leg	$10K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	2.2450	+0.033%	$4.4M	$675K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0460%	1h	2.2478	+0.158%	$265K	$302K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2430	−0.056%	$292K	$252K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0767%	1h	2.2457	+0.063%	$1.3M	$2.6M	50x	as long as short