Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against Binance0.000%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 7 days+0.051%+$5 · spread now 0.000%, 7d avg −0.006%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.2140	0.0100	pay 0.0050% / 4h	45m 07s	$63.8M	$223.2M	75x
Short	Bitget TRUMPUSDT	2.2140	0.0100	get 0.0050% / 4h	45m 07s	$15.7M	$21.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.006%: $0.56
Slippage, 4 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.43
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 4 min ago.

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 Binance live order book, 13 min ago	2.27 bp	9.9 bp −$10	13.9 bp −$139	40.0 bp −$4,003	248.5 bp −$124.2K
Sell Bitget live order book, 4 min ago	2.26 bp	12.2 bp −$12	15.7 bp −$157	48.4 bp −$4,844	doesn't fit

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	−0.1537%	1h	2.2030	−0.497%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2142	+0.010%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2167	+0.122%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2139	−0.005%	$415K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2138	−0.008%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2151	+0.052%	$121K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2140	0.000%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2143	+0.016%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2136	−0.018%	$992K	$738K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2158	+0.083%	$462K	$835K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2156	+0.073%	$191K	$59K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.2140	long leg	$63.8M	$223.2M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2130	−0.045%	$31.1M	$44.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2130	−0.045%	$27.4M	$153.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2130	−0.045%	$7.5M	$48.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2130	−0.045%	$485K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2150	+0.045%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.2140	0.000%	$15.7M	$21.3M	75x
Variational Omni TRUMP	+0.0100%	4h	2.2142	+0.010%	$650K	$373K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.226%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2170	+0.136%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2136	−0.018%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2190	+0.226%	$567K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2131	−0.041%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2130	−0.045%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2133	−0.034%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2150	+0.045%	$4.2M	$639K	75x	as long as short
Hyperliquid TRUMP	+0.0343%	1h	2.2157	+0.077%	$14.3M	$7.5M	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2240	+0.452%	$287K	$401K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0583%	1h	2.2156	+0.072%	$261K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0862%	1h	2.2169	+0.131%	$1.3M	$2.5M	50x	as long as short