Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0461%/8h= −50.5% APRpaid last 24h −0.034%

Price spread now: MEXC against GMX−0.171%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 MEXC

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—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and MEXC is 0.171% cheaper against GMX than usual: you would sell low and buy high (−$17 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]	2.1467	L +0.0213% / S −0.0214%	pay 0.0027% / 1h	6m 01s	$11K	—	100x
Short	MEXC TRUMP_USDC	2.1430	−0.0248	pay 0.0124% / 4h	1h 06m	$388K	$144K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$96.79
Price spread: −0.171% → 0.000%: −$17.11
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$125.89
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 31 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 MEXC live order book, 31 min ago	2.34 bp	6.9 bp −$7	15.2 bp −$152	117.7 bp −$11.8K	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 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	−0.0438%	1h	2.1445	−0.101%	$84	$6K	5x	as long as short
Variational Omni TRUMP	−0.0392%	4h	2.1390	−0.360%	$666K	$400K	—	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1426	−0.192%	$74K	$488K	25x	as long as short
Binance TRUMPUSDT	−0.0372%	4h	2.1428	−0.179%	$62.7M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0353%	4h	2.1430	−0.171%	$27.1M	$172.8M	50x	as long as short
Bybit TRUMPUSDT	−0.0303%	4h	2.1440	−0.124%	$31.2M	$48.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.264%	$128K	$521K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0263%	1h	2.1452	−0.069%	$385K	$79K	10x	as long as short
MEXC TRUMP_USDCshort	−0.0248%	4h	2.1430	−0.171%	$388K	$144K	125x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1444	−0.104%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0216%	1h	2.1440	−0.124%	$918K	$968K	10x	as long as short
Gate TRUMP_USDT	−0.0198%	4h	2.1440	−0.124%	$7.7M	$48.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1423	−0.204%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0182%	4h	2.1440	−0.124%	$4.3M	$10.1M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0176%	8h	2.1431	−0.167%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0133%	4h	2.1440	−0.124%	$4.3M	$658K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1430	−0.171%	$5K	$294K	10x	as long as short
Bitget TRUMPUSDT	−0.0038%	4h	2.1450	−0.078%	$15.5M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1426	−0.191%	$19K	—	3x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1455	−0.053%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	+0.0006%	4h	2.1455	−0.055%	$173K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1449	−0.083%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1484	+0.082%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.621%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1450	−0.078%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1440	−0.124%	$404K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1444	−0.106%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.062%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.062%	$488K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1460	−0.031%	$248K	$553K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0160%	1h	2.1467	+0.001%	$384K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0213% / S −0.0214%	1h	2.1467	long leg	$11K	—	100x