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: GRVT against MEXC−0.233%82s7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as 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−$330.329% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.233%, 7d avg +0.049%

Together, before fees+0.322%+ Points / potential airdropGRVT: Active · farm board+$32 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: GRVT is 0.282% cheaper against MEXC than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.049%. The two prices were read 82 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	MEXC TRUMP_USDC	2.1440	0.0100	pay 0.0050% / 4h	18m 08s	$399K	$148K	125x
Short	GRVT TRUMP_USDT_Perp	2.1390	0.0100	get 0.0050% / 4h	18m 08s	$180K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → +0.049%: −$28.25
Slippage, 4 orders: −$23.94
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$61.19
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from MEXC: live order book, 11 min ago; GRVT: live order book, 6 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 MEXC live order book, 11 min ago	2.34 bp	6.5 bp −$7	28.4 bp −$284	137.5 bp −$13.8K	doesn't fit
Sell GRVT live order book, 6 min ago	2.34 bp	13.0 bp −$13	27.1 bp −$271	doesn't fit	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	−0.1797%	1h	2.1290	−0.700%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0335%	1h	2.1445	+0.023%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1432	−0.039%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1456	+0.075%	$404K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0211%	4h	2.1371	−0.321%	$660K	$423K	—	as long as short
Lighter TRUMP	−0.0200%	1h	2.1445	+0.023%	$938K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0187%	4h	2.1450	+0.047%	$26.7M	$184.1M	50x	as long as short
Extended TRUMP-USD	−0.0184%	1h	2.1440	−0.002%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0183%	4h	2.1450	+0.047%	$60.6M	$250.9M	75x	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1460	+0.093%	$7.6M	$53.3M	75x	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	−0.0102%	8h	2.1440	−0.002%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0091%	4h	2.1352	−0.411%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0067%	4h	2.1440	0.000%	$5K	$277K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1456	+0.074%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1456	+0.075%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1440	0.000%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1428	−0.057%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.513%	$167K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0057%	4h	2.1430	−0.047%	$4.1M	$686K	75x	as long as short
Bitget TRUMPUSDT	+0.0084%	4h	2.1450	+0.047%	$15.2M	$27.1M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1469	+0.135%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1460	+0.094%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1460	+0.095%	$185K	$54K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1450	+0.047%	$30.5M	$52.5M	50x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1440	long leg	$399K	$148K	125x
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1390	−0.233%	$180K	$4.4M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.047%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1460	+0.093%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0278%	1h	2.1483	+0.201%	$382K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1479	+0.183%	$1.3M	$2.3M	50x	as long as short