Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.032%

Price spread now: GMX against MEXC+0.009%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1390	0.0100	pay 0.0050% / 4h	1h 46m	$398K	$148K	125x
Short	GMX TRUMP/USD [ETH-USDC]	2.1392	L +0.0137% / S −0.0099%	get 0.0012% / 1h	46m 10s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$0.28
Price spread: +0.009% → 0.000%: $0.92
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$11.36
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 53 min ago; GMX: no order-book sample. Net counts fees only.

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 MEXC live order book, 53 min ago	2.36 bp	2.4 bp −$2	17.6 bp −$176	133.1 bp −$13.3K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.1310	−0.374%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1382	−0.039%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0232%	1h	2.1380	−0.046%	$74K	$741K	25x	as long as short
Binance TRUMPUSDT	−0.0228%	4h	2.1380	−0.046%	$60.3M	$251.9M	75x	as long as short
Variational Omni TRUMP	−0.0154%	4h	2.1411	+0.100%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0119%	4h	2.1427	+0.173%	$105K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1407	+0.078%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0096%	4h	2.1380	−0.047%	$26.4M	$184.7M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0088%	8h	2.1394	+0.019%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1390	0.000%	$7.7M	$53.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0065%	4h	2.1390	0.000%	$30.3M	$52.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1390	0.000%	$5K	$239K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1391	+0.005%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0021%	1h	2.1395	+0.023%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1417	+0.125%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1396	+0.027%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0012%	4h	2.1410	+0.094%	$4.1M	$686K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1380	−0.047%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1379	−0.051%	$943K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1403	+0.061%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1401	+0.053%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1399	+0.043%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1390	long leg	$398K	$148K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1390	0.000%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.047%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1420	+0.140%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.094%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0137% / S −0.0099%	1h	2.1392	+0.009%	$9K	—	100x
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	+0.234%	$204K	$420K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0363%	1h	2.1418	+0.131%	$379K	$415K	10x	as long as short