Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Binance against GRVT+0.092%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.092%, 7d avg +0.022%

Together, before fees−0.085%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.070% dearer against GRVT than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1880	0.0100	pay 0.0050% / 4h	2h 20m	$180K	$4.6M	10x
Short	Binance TRUMPUSDT	2.1900	0.0100	get 0.0050% / 4h	2h 20m	$62.4M	$215.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.022%: $7.02
Slippage, 4 orders: −$19.93
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.91
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Binance: live order book, 8 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 GRVT live order book, 3 min ago	2.29 bp	6.8 bp −$7	30.0 bp −$300	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.30 bp	7.3 bp −$7	12.2 bp −$122	39.6 bp −$3,963	217.0 bp −$108.5K

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	−0.1787%	1h	2.1710	−0.777%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1884	+0.019%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1937	+0.260%	$1.1M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1897	+0.078%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1902	+0.101%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1898	+0.080%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1862	−0.083%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1880	0.000%	$974K	$660K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.1902	+0.099%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1890	+0.046%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1905	+0.116%	$459K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1907	+0.125%	$189K	$60K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.1900	+0.092%	$62.4M	$215.5M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	+0.092%	$30.6M	$42.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	+0.138%	$26.8M	$148.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1900	+0.092%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1890	+0.046%	$481K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	+0.138%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.092%	$15.6M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	−0.163%	$680K	$262K	—	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1880	long leg	$180K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1920	+0.183%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	+0.069%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1910	+0.138%	$514K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1902	+0.102%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1883	+0.016%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0134%	1h	2.1925	+0.206%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0209%	1h	2.1922	+0.192%	$259K	$262K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1900	+0.091%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1950	+0.320%	$282K	$401K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	−0.045%	$4.1M	$500K	75x	as long as short