Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h −0.004%

Price spread now: gTrade (Gains Network) against Binance+0.033%52s7-day average — · you sell dearer than you buy

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

Long on Binance Short on gTrade (Gains Network)

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—needs both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and gTrade (Gains Network) is 0.033% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Binance TRUMPUSDT	2.1426	−0.0375	get 0.0187% / 4h	55m 28s	$62.6M	$236.5M	75x
Short	gTrade (Gains Network) TRUMP/USD	2.1433	L +0.0008% / S −0.0007%	get 0.0001% / 1h	55m 28s	$40K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.033%Rate

Funding earned: $80.07
Price spread: +0.033% → 0.000%: $3.26
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $63.33
Costs to cover: 0.200%
Break-even: 1.5 days

Slippage unknown: Binance: live order book, 11 min ago; 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 Binance live order book, 11 min ago	2.33 bp	7.3 bp −$7	9.6 bp −$96	35.3 bp −$3,532	292.5 bp −$146.3K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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 32 exchanges

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
SoDEX TRUMP-USD	−0.0384%	1h	2.1415	−0.051%	$80	$6K	5x	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1417	−0.040%	$74K	$483K	25x	as long as short
Binance TRUMPUSDTlong	−0.0375%	4h	2.1426	long leg	$62.6M	$236.5M	75x
Variational Omni TRUMP	−0.0374%	4h	2.1409	−0.078%	$666K	$399K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0324%	4h	2.1430	+0.019%	$27.1M	$172.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1440	+0.065%	$129K	$522K	50x	as long as short
Bybit TRUMPUSDT	−0.0306%	4h	2.1420	−0.028%	$31.2M	$48.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0262%	4h	2.1420	−0.028%	$388K	$141K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1399	−0.124%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0216%	4h	2.1430	+0.019%	$7.7M	$46.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TRUMPUSDTM	−0.0208%	4h	2.1420	−0.028%	$4.3M	$10.1M	50x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1435	+0.043%	$105K	$252K	20x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1427	+0.005%	$916K	$928K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0170%	1h	2.1430	+0.019%	$385K	$79K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0161%	8h	2.1426	−0.001%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0136%	4h	2.1450	+0.112%	$4.3M	$658K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0091%	4h	2.1410	−0.075%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0030%	4h	2.1440	+0.065%	$15.5M	$24.7M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1406	−0.092%	$19K	—	3x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1434	+0.038%	$25K	$3K	5x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1433	+0.033%	$40K	—	150x
GRVT TRUMP_USDT_Perp	+0.0016%	4h	2.1450	+0.112%	$180K	$4.0M	10x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.355%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1442	+0.075%	$13.6M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1435	+0.041%	$404K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1438	+0.056%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.112%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.065%	$487K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1440	+0.065%	$266K	$589K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0218%	1h	2.1438	+0.055%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0261%	1h	2.1458	+0.149%	$383K	$391K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0326%	1h	2.1463	+0.173%	$1.4M	$2.1M	50x	as long as short