Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: MEXC against GRVT+0.183%52s7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as 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−$520.523% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.183%, 7d avg −0.049%

Together, before fees−0.126%+ Points / potential airdropGRVT: Active · farm board−$13 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: MEXC is 0.232% dearer against GRVT than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.049%. The two prices were read 52 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	2.1990	0.0100	pay 0.0050% / 4h	3h 30m	$180K	$4.5M	10x
Short	MEXC TRUMP_USDC	2.2030	0.0100	get 0.0050% / 4h	3h 30m	$477K	$133K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → −0.049%: $23.16
Slippage, 4 orders: −$43.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.14
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; MEXC: live order book, 34 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	4.53 bp	13.8 bp −$14	30.3 bp −$303	doesn't fit	doesn't fit
Sell MEXC live order book, 34 min ago	2.29 bp	5.4 bp −$5	14.6 bp −$146	126.9 bp −$12.7K	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	−0.1608%	1h	2.1950	−0.181%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2012	+0.099%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2036	+0.212%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2033	+0.197%	$413K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2036	+0.210%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1969	−0.095%	$120K	$250K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2019	+0.133%	$978K	$769K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2030	+0.183%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2027	+0.168%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2048	+0.266%	$459K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2031	+0.187%	$190K	$58K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2017	+0.123%	$62.9M	$222.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2020	+0.137%	$30.9M	$44.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2020	+0.137%	$27.2M	$153.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2020	+0.137%	$7.6M	$47.3M	75x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.2030	+0.183%	$477K	$133K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2030	+0.183%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2020	+0.137%	$16.1M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2022	+0.145%	$706K	$435K	—	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1990	long leg	$180K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.2050	+0.274%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2025	+0.160%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2080	+0.410%	$558K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2025	+0.162%	$78K	$622K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2021	+0.140%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0187%	1h	2.2059	+0.315%	$14.2M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2032	+0.190%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2040	+0.228%	$4.2M	$629K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0456%	1h	2.2045	+0.251%	$258K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−0.908%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0781%	1h	2.2050	+0.273%	$1.3M	$2.5M	50x	as long as short