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 −0.003%

Price spread now: Gate against GRVT+0.394%81s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$540.535% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 7 days−0.386%−$39 · spread now +0.394%, 7d avg +0.029%

Together, before fees−0.235%+ Points / potential airdropGRVT: Active · farm board−$23 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: Gate is 0.366% dearer against GRVT than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 81 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	2.1555	0.0100	pay 0.0050% / 4h	3h 56m	$184K	$4.6M	10x
Short	Gate TRUMP_USDT	2.1640	0.0100	get 0.0050% / 4h	3h 56m	$7.7M	$50.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.394%Rate

Funding earned: $0
Price spread: +0.394% → +0.029%: $36.56
Slippage, 4 orders: −$29.55
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.99
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Gate: live order book, 3 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	2.32 bp	6.8 bp −$7	25.4 bp −$254	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.32 bp	11.8 bp −$12	31.9 bp −$319	71.9 bp −$7,190	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	−0.1765%	1h	2.1490	−0.302%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	+0.077%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0074%	1h	2.1635	+0.371%	$94	$6K	5x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1634	+0.367%	$74K	$724K	25x	as long as short
Binance TRUMPUSDT	−0.0029%	4h	2.1637	+0.380%	$60.8M	$243.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0013%	4h	2.1563	+0.038%	$105K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1586	+0.144%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1645	+0.418%	$407K	$72K	10x	as long as short
Variational Omni TRUMP	+0.0006%	4h	2.1621	+0.307%	$681K	$503K	—	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1615	+0.277%	$41K	—	150x	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	+0.0041%	8h	2.1576	+0.097%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0042%	4h	2.1620	+0.302%	$4K	$186K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1633	+0.360%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0080%	1h	2.1639	+0.390%	$957K	$958K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1663	+0.501%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1648	+0.432%	$424K	$793K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1582	+0.126%	$186K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1630	+0.348%	$30.6M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1630	+0.348%	$27.4M	$174.8M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.1640	+0.394%	$7.7M	$50.4M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1630	+0.348%	$406K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1650	+0.441%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1650	+0.441%	$15.7M	$25.7M	75x	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1555	long leg	$184K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.209%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1660	+0.487%	$514K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1608	+0.247%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1665	+0.509%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0212%	4h	2.1610	+0.255%	$4.1M	$682K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0353%	1h	2.1675	+0.557%	$340K	$371K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.162%	$278K	$275K	50x	as long as short