Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.024%

Price spread now: Bitget against Paradex−0.066%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Bitget is 0.066% cheaper against Paradex than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 30 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1574	−0.0131	get 0.0131% / 8h	7h 47m	$5K	$175	5x
Short	Bitget TRUMPUSDT	2.1560	0.0048	get 0.0024% / 4h	3h 47m	$15.4M	$26.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. 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 ParadexbpFee BitgetbpOrdersPrice spread, now −0.066%Rate

Funding earned: $37.57
Price spread: −0.066% → 0.000%: −$6.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: $14.94
Costs to cover: 0.160%
Break-even: 4.2 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 2 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.32 bp	8.3 bp −$8	15.0 bp −$150	50.3 bp −$5,033	doesn't fit

Paradex: 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	−0.1829%	1h	2.1470	−0.483%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0536%	1h	2.1545	−0.136%	$72	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0399%	1h	2.1556	−0.085%	$406K	$65K	10x	as long as short
Variational Omni TRUMP	−0.0310%	4h	2.1561	−0.060%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1557	−0.082%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1539	−0.162%	$74K	$494K	25x	as long as short
Binance TRUMPUSDT	−0.0221%	4h	2.1552	−0.105%	$61.1M	$246.9M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0220%	4h	2.1560	−0.066%	$27.0M	$183.7M	50x	as long as short
Lighter TRUMP	−0.0160%	1h	2.1553	−0.099%	$942K	$988K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1510	−0.298%	$168K	$473K	50x	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-PERPlong	−0.0131%	8h	2.1574	long leg	$5K	$175	5x
edgeX TRUMPUSDC	−0.0108%	4h	2.1541	−0.153%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0092%	4h	2.1550	−0.113%	$5K	$292K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0010%	4h	2.1560	−0.066%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1596	+0.102%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1578	+0.015%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0019%	4h	2.1520	−0.252%	$4.2M	$688K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1530	−0.205%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0030%	4h	2.1540	−0.159%	$181K	$4.3M	10x	as long as short
Bitget TRUMPUSDTshort	+0.0048%	4h	2.1560	−0.066%	$15.4M	$26.6M	75x
Gate TRUMP_USDT	+0.0058%	4h	2.1570	−0.020%	$7.7M	$49.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0079%	4h	2.1560	−0.066%	$30.8M	$52.0M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1586	+0.055%	$13.7M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1575	+0.002%	$405K	$718K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1590	+0.073%	$186K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	−0.113%	$401K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1610	+0.165%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	−0.020%	$503K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1577	+0.011%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1579	+0.021%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0359%	1h	2.1596	+0.101%	$383K	$420K	10x	as long as short