Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against Paradex+0.212%103s7-day average — · you sell dearer than you buy

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

Long on Paradex 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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.212% dearer against Paradex than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 103 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	Paradex TRUMP-USD-PERP	2.1459	−0.0044	get 0.0044% / 8h	1h 24m	$5K	$175	5x
Short	gTrade (Gains Network) TRUMP/USD	2.1505	L +0.0008% / S −0.0007%	get 0.0001% / 1h	24m 42s	$41K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.212%Rate

Funding earned: $10.64
Price spread: +0.212% → 0.000%: $21.25
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $17.89
Costs to cover: 0.140%
Break-even: from the start

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

Paradex 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	−0.1927%	1h	2.1380	−0.370%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1492	+0.150%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1460	+0.002%	$74K	$547K	25x	as long as short
Binance TRUMPUSDT	−0.0189%	4h	2.1463	+0.016%	$60.5M	$252.0M	75x	as long as short
Variational Omni TRUMP	−0.0135%	4h	2.1481	+0.102%	$663K	$424K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0099%	4h	2.1470	+0.049%	$26.5M	$185.2M	50x	as long as short
edgeX TRUMPUSDC	−0.0098%	4h	2.1423	−0.170%	$105K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1517	+0.267%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0068%	4h	2.1470	+0.049%	$7.7M	$53.7M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1490	+0.143%	$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	−0.0055%	4h	2.1470	+0.049%	$30.5M	$52.6M	50x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0044%	8h	2.1459	long leg	$5K	$175	5x
dYdX TRUMP-USD	0.0000%	1h	2.1504	+0.208%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1498	+0.180%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	+0.0005%	1h	2.1485	+0.119%	$82	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1505	+0.212%	$41K	—	150x
Aevo TRUMP-PERP	+0.0032%	1h	2.1480	+0.096%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0047%	4h	2.1510	+0.236%	$4.1M	$686K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1459	−0.002%	$948K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1482	+0.106%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1472	+0.061%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1480	+0.097%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	+0.003%	$399K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1480	+0.096%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	+0.049%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.323%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.236%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.236%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1449	−0.050%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1500	+0.189%	$202K	$426K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0401%	1h	2.1510	+0.236%	$381K	$417K	10x	as long as short