Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against OKX+0.133%173s7-day average — · you sell dearer than you buy

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

Long on OKX Short on gTrade (Gains Network)

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.133% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 173 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	OKX TRUMP-USDT-SWAP	2.1370	−0.0102	get 0.0051% / 4h	1h 28m	$26.4M	$184.1M	50x
Short	gTrade (Gains Network) TRUMP/USD	2.1399	L +0.0008% / S −0.0007%	get 0.0001% / 1h	28m 30s	$40K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.133%Rate

Funding earned: $22.8
Price spread: +0.133% → 0.000%: $13.34
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $16.14
Costs to cover: 0.200%
Break-even: 2.0 days

Slippage unknown: OKX: live order book, 6 min ago; gTrade (Gains Network): 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 OKX live order book, 6 min ago	2.35 bp	8.2 bp −$8	13.0 bp −$130	41.5 bp −$4,146	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	2.1260	−0.515%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	+0.008%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1370	−0.001%	$74K	$615K	25x	as long as short
Binance TRUMPUSDT	−0.0197%	4h	2.1370	0.000%	$60.3M	$251.7M	75x	as long as short
Variational Omni TRUMP	−0.0145%	4h	2.1381	+0.053%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0104%	4h	2.1375	+0.025%	$104K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0102%	4h	2.1370	long leg	$26.4M	$184.1M	50x
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1409	+0.184%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1390	+0.094%	$7.7M	$53.6M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1400	+0.140%	$5K	$248K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0059%	4h	2.1380	+0.047%	$30.4M	$52.5M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0054%	8h	2.1382	+0.055%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1395	+0.117%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0003%	1h	2.1380	+0.047%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1386	+0.076%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1399	+0.133%	$40K	—	150x
Aevo TRUMP-PERP	+0.0032%	1h	2.1378	+0.035%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0040%	4h	2.1370	0.000%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1388	+0.084%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1402	+0.150%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1390	+0.096%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1397	+0.126%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	+0.094%	$398K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1400	+0.140%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	+0.047%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	+0.094%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1420	+0.234%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.187%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1400	+0.142%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1360	−0.047%	$202K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0378%	1h	2.1408	+0.178%	$379K	$415K	10x	as long as short