Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0136%/8h= +14.8% APRpaid last 24h +0.035%

Price spread now: GMX against Variational Omni+0.895%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: 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 0.895% dearer against Variational Omni than usual: you sell high and buy low: +$90 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	Variational Omni TRUMP	2.1621	0.0006	pay 0.0003% / 4h	3h 52m	$681K	$503K	—
Short	GMX TRUMP/USD [ETH-USDC]	2.1815	L +0.0171% / S −0.0141%	get 0.0018% / 1h	52m 27s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.895%Rate

Funding earned: $28.48
Price spread: +0.895% → 0.000%: $89.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $105.98
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 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 Variational Omni RFQ quote, 2 min ago	5.03 bp	doesn't fit	14.7 bp −$147	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.1765%	1h	2.1610	−0.052%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1806	+0.857%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1799	+0.822%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0032%	4h	2.1810	+0.873%	$61.4M	$243.0M	75x	as long as short
edgeX TRUMPUSDC	−0.0015%	4h	2.1688	+0.309%	$106K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1816	+0.901%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1814	+0.892%	$411K	$72K	10x	as long as short
Variational Omni TRUMPlong	+0.0006%	4h	2.1621	long leg	$681K	$503K	—
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1814	+0.893%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0042%	4h	2.1800	+0.827%	$4K	$183K	10x	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-PERP	+0.0043%	8h	2.1803	+0.839%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0069%	1h	2.1805	+0.850%	$95	$6K	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1809	+0.869%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1804	+0.845%	$964K	$958K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1826	+0.947%	$13.8M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1821	+0.925%	$427K	$794K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1818	+0.908%	$188K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1810	+0.873%	$30.8M	$49.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1810	+0.873%	$27.5M	$176.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	+0.919%	$7.8M	$50.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1810	+0.873%	$410K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1820	+0.919%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1810	+0.873%	$15.8M	$25.7M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1598	−0.109%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.966%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1820	+0.919%	$519K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0171% / S −0.0141%	1h	2.1815	+0.895%	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1838	+1.001%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0208%	4h	2.1810	+0.873%	$4.2M	$684K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.468%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0416%	1h	2.1841	+1.017%	$343K	$375K	10x	as long as short