Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Gate against Pacifica−0.144%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.144%, 7d avg −0.015%

Together, before fees+0.006%+ Points / potential airdropPacifica: Active · farm board+$1 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: Gate is 0.129% cheaper against Pacifica than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1882	0.0100	pay 0.0013% / 1h	6m 14s	$189K	$60K	10x
Short	Gate TRUMP_USDT	2.1850	0.0100	get 0.0050% / 4h	6m 14s	$7.4M	$48.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.015%: −$12.88
Slippage, 4 orders: −$37.77
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.65
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from Pacifica: live order book, 7 min ago; Gate: live order book, 3 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 Pacifica live order book, 7 min ago	6.18 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.28 bp	11.9 bp −$12	32.4 bp −$324	72.9 bp −$7,292	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	−0.1537%	1h	2.1760	−0.556%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1832	−0.227%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1884	+0.012%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1845	−0.167%	$410K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1846	−0.163%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1874	−0.032%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1840	−0.190%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1845	−0.167%	$979K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1868	−0.064%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1858	−0.109%	$454K	$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 TRUMPlong	+0.0100%	1h	2.1882	long leg	$189K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1850	−0.144%	$62.9M	$226.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1850	−0.144%	$30.7M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1850	−0.144%	$27.1M	$153.1M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.1850	−0.144%	$7.4M	$48.8M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	−0.236%	$473K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	−0.144%	$4.2M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1860	−0.099%	$15.4M	$21.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1822	−0.272%	$637K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1898	+0.073%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.039%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1845	−0.167%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1880	−0.007%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1831	−0.232%	$75K	$467K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1825	−0.259%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1836	−0.206%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0235%	1h	2.1880	−0.007%	$14.2M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1880	−0.007%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.815%	$285K	$388K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0472%	1h	2.1871	−0.048%	$256K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0874%	1h	2.1872	−0.042%	$1.3M	$2.5M	50x	as long as short