Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Orderly−0.009%7-day average — · you buy dearer than you sell

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

Long on Orderly 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1890	0.0096	pay 0.0048% / 4h	18m 29s	$3K	$249K	10x
Short	gTrade (Gains Network) TRUMP/USD	2.1888	L +0.0008% / S −0.0007%	get 0.0001% / 1h	18m 29s	$41K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.009%Rate

Funding earned: −$18.72
Price spread: −0.009% → 0.000%: −$0.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.63
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and 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	−0.1537%	1h	2.1770	−0.548%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1882	−0.037%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1877	−0.061%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1916	+0.119%	$411K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1888	−0.009%	$41K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.1805	−0.388%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0096%	4h	2.1890	long leg	$3K	$249K	10x
Lighter TRUMP	+0.0096%	1h	2.1874	−0.073%	$981K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1883	−0.030%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1887	−0.015%	$456K	$833K	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	2.1880	−0.043%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1888	−0.011%	$62.8M	$226.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1880	−0.046%	$30.8M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	0.000%	$27.2M	$153.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1880	−0.046%	$7.5M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.046%	$479K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1890	0.000%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	0.000%	$15.5M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.173%	$639K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1845	−0.207%	$192K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	+0.091%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1909	+0.087%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1940	+0.228%	$555K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	−0.042%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1905	+0.069%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1890	+0.002%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0278%	1h	2.1907	+0.078%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	+0.091%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.777%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0489%	1h	2.1927	+0.169%	$258K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0871%	1h	2.1934	+0.199%	$1.3M	$2.5M	50x	as long as short