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 +0.020%

Price spread now: Bybit against GRVT+0.275%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.300%−$30 · spread now +0.275%, 7d avg +0.010%

Together, before fees−0.204%+ Points / potential airdropGRVT: Active · farm board−$20 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: Bybit is 0.264% dearer against GRVT than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1830	0.0100	pay 0.0050% / 4h	2h 23m	$179K	$4.6M	10x
Short	Bybit TRUMPUSDT	2.1890	0.0100	get 0.0050% / 4h	2h 23m	$30.5M	$42.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.275%Rate

Funding earned: $0
Price spread: +0.275% → +0.010%: $26.44
Slippage, 4 orders: −$21.37
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.93
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	2.30 bp	11.2 bp −$11	25.9 bp −$259	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.29 bp	10.5 bp −$10	22.2 bp −$222	189.3 bp −$18.9K	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	−0.1787%	1h	2.1710	−0.550%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1874	+0.201%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1890	+0.276%	$1.1M	$2.1M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0024%	1h	2.1882	+0.238%	$410K	$79K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1859	+0.134%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1877	+0.216%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1803	−0.122%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0056%	1h	2.1867	+0.169%	$973K	$660K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0076%	8h	2.1866	+0.164%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1870	+0.183%	$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	2.1880	+0.230%	$459K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1862	+0.148%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1882	+0.237%	$62.3M	$215.4M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1890	+0.275%	$30.5M	$42.1M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	+0.229%	$26.7M	$147.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1880	+0.229%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	+0.183%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	+0.229%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	+0.275%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	+0.065%	$680K	$262K	—	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1830	long leg	$179K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.275%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1875	+0.206%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1890	+0.275%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1872	+0.193%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1863	+0.152%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0137%	1h	2.1898	+0.311%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0200%	1h	2.1903	+0.334%	$259K	$261K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1881	+0.231%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1950	+0.550%	$282K	$401K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	+0.091%	$4.2M	$496K	75x	as long as short