Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT−0.234%63s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.410% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 7 days+0.251%+$25 · spread now −0.234%, 7d avg +0.014%

Together, before fees+0.359%+ Points / potential airdropGRVT: Active · farm board+$36 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: Bitget is 0.248% cheaper against GRVT than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1400	0.0100	pay 0.0050% / 4h	1h 36m	$177K	$4.6M	10x
Short	Bitget TRUMPUSDT	2.1350	0.0100	get 0.0050% / 4h	1h 36m	$15.2M	$27.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.234%Rate

Funding earned: $0
Price spread: −0.234% → +0.014%: −$24.8
Slippage, 4 orders: −$20.01
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.81
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Bitget: live order book, 2 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	2.34 bp	6.8 bp −$7	29.5 bp −$295	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.34 bp	8.3 bp −$8	17.1 bp −$171	47.0 bp −$4,695	doesn't fit

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	−0.1927%	1h	2.1280	−0.561%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1337	−0.296%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0216%	4h	2.1360	−0.187%	$60.3M	$251.4M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1350	−0.235%	$74K	$715K	25x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	+0.006%	$661K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0110%	4h	2.1373	−0.128%	$104K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1350	−0.234%	$7.6M	$53.6M	75x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1442	+0.198%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0090%	4h	2.1350	−0.234%	$26.4M	$184.2M	50x	as long as short
Bybit TRUMPUSDT	−0.0081%	4h	2.1340	−0.280%	$30.3M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0069%	8h	2.1368	−0.149%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0069%	1h	2.1415	+0.070%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1360	−0.187%	$5K	$243K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1423	+0.107%	$403K	$81K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1356	−0.204%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1364	−0.168%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0024%	4h	2.1370	−0.140%	$4.1M	$685K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1400	0.000%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1368	−0.150%	$944K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1355	−0.210%	$13.4M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1362	−0.176%	$401K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1381	−0.089%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1340	−0.280%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1350	−0.234%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1350	−0.234%	$15.2M	$27.2M	75x
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1400	long leg	$177K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1430	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	+0.140%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1359	−0.192%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1390	−0.047%	$204K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0322%	1h	2.1419	+0.089%	$379K	$415K	10x	as long as short