Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.004%

Price spread now: GRVT against Paradex+0.196%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.196% dearer against Paradex than usual: you sell high and buy low: +$20 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	2.1538	0.0026	pay 0.0026% / 8h	4h 20m	$5K	$175	5x
Short	GRVT TRUMP_USDT_Perp	2.1580	0.0100	get 0.0050% / 4h	20m 39s	$184K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.196%Rate

Funding earned: $15.58
Price spread: +0.196% → 0.000%: $19.64
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $22.22
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 3 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 GRVT live order book, 3 min ago	2.32 bp	14.9 bp −$15	20.5 bp −$205	doesn't fit	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	−0.1690%	1h	2.1430	−0.500%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1551	+0.063%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0121%	1h	2.1565	+0.127%	$95	$6K	5x	as long as short
Lighter TRUMP	−0.0080%	1h	2.1567	+0.136%	$955K	$957K	10x	as long as short
Gate TRUMP_USDT	−0.0058%	4h	2.1570	+0.150%	$7.6M	$51.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1566	+0.131%	$406K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0009%	4h	2.1572	+0.158%	$60.5M	$241.6M	75x	as long as short
Variational Omni TRUMP	−0.0009%	4h	2.1551	+0.062%	$665K	$488K	—	as long as short
Extended TRUMP-USD	−0.0008%	1h	2.1559	+0.101%	$75K	$716K	25x	as long as short
dYdX TRUMP-USD	−0.0003%	1h	2.1576	+0.177%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0001%	4h	2.1570	+0.148%	$105K	$264K	20x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1570	+0.151%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0026%	8h	2.1538	long leg	$5K	$175	5x
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1560	+0.104%	$4K	$207K	10x	as long as short
Bybit TRUMPUSDT	+0.0078%	4h	2.1580	+0.196%	$30.6M	$49.6M	50x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1551	+0.060%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1596	+0.271%	$14.3M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1570	+0.150%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1582	+0.206%	$186K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1560	+0.104%	$27.2M	$173.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1560	+0.104%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1570	+0.150%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	+0.196%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1584	+0.215%	$252K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1580	+0.196%	$184K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1590	+0.243%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	+0.150%	$503K	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0170%	4h	2.1540	+0.011%	$4.1M	$683K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1569	+0.144%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1589	+0.237%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	+0.196%	$279K	$281K	50x	as long as short