Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.032%

Price spread now: GMX against Paradex+0.094%7-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 GMX

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 +$4 a day on $10k at the current rate, and GMX is 0.094% dearer against Paradex than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1401	−0.0036	get 0.0036% / 8h	59m 21s	$5K	$175	5x
Short	GMX TRUMP/USD [ETH-USDC]	2.1421	L +0.0137% / S −0.0098%	get 0.0012% / 1h	59m 21s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.094%Rate

Funding earned: $28.34
Price spread: +0.094% → 0.000%: $9.35
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $21.69
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Paradex: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Paradex and GMX: 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	2.1340	−0.283%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1402	+0.005%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0163%	4h	2.1410	+0.044%	$60.5M	$251.3M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1399	−0.007%	$74K	$522K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0123%	1h	2.1446	+0.213%	$404K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0122%	1h	2.1435	+0.161%	$82	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0119%	4h	2.1400	−0.002%	$26.5M	$184.0M	50x	as long as short
Variational Omni TRUMP	−0.0118%	4h	2.1401	+0.003%	$661K	$423K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1465	+0.304%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0086%	4h	2.1410	+0.044%	$7.7M	$53.0M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0081%	4h	2.1416	+0.071%	$104K	$255K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0050%	4h	2.1410	+0.044%	$5K	$260K	10x	as long as short
Bybit TRUMPUSDT	−0.0045%	4h	2.1410	+0.044%	$30.5M	$52.5M	50x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0036%	8h	2.1401	long leg	$5K	$175	5x
dYdX TRUMP-USD	−0.0001%	1h	2.1428	+0.127%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1424	+0.112%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1420	+0.091%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1399	−0.007%	$936K	$1.0M	10x	as long as short
KuCoin TRUMPUSDTM	+0.0074%	4h	2.1410	+0.044%	$4.2M	$11.0M	50x	as long as short
BloFin TRUMP-USDT	+0.0077%	4h	2.1430	+0.138%	$4.1M	$701K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1433	+0.152%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1421	+0.096%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1423	+0.105%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	−0.002%	$398K	$146K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	−0.002%	$15.2M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1414	+0.061%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.231%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.231%	$482K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0137% / S −0.0098%	1h	2.1421	+0.094%	$9K	—	100x
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1410	+0.044%	$175K	$454K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0416%	1h	2.1463	+0.292%	$380K	$415K	10x	as long as short