Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.035%

Price spread now: dYdX against Bitget+0.213%73s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread pays, funding is against you. dYdX is 0.213% dearer against Bitget than usual: you sell high and buy low (spread +0.213% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.1 days. The two prices were read 73 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	Bitget TRUMPUSDT	2.1420	0.0100	pay 0.0050% / 4h	50m 24s	$15.3M	$27.0M	75x
Short	dYdX TRUMP-USD	2.1466	0	get 0.0000% / 1h	50m 24s	$27K	$501	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$21
Price spread: +0.213% → 0.000%: $21.34
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$21.66
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; dYdX: 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 Bitget live order book, 3 min ago	2.33 bp	8.3 bp −$8	12.3 bp −$123	48.2 bp −$4,822	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1797%	1h	2.1340	−0.373%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0263%	1h	2.1432	+0.056%	$404K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0250%	1h	2.1415	−0.023%	$82	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1421	+0.006%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0162%	4h	2.1421	+0.003%	$60.6M	$250.9M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1409	−0.050%	$74K	$493K	25x	as long as short
Lighter TRUMP	−0.0144%	1h	2.1414	−0.028%	$936K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0140%	4h	2.1411	−0.043%	$661K	$423K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0128%	4h	2.1410	−0.047%	$26.5M	$184.0M	50x	as long as short
Gate TRUMP_USDT	−0.0094%	4h	2.1430	+0.047%	$7.6M	$53.1M	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	−0.0082%	4h	2.1407	−0.059%	$104K	$255K	20x	as long as short
Bybit TRUMPUSDT	−0.0073%	4h	2.1420	0.000%	$30.4M	$52.7M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0050%	4h	2.1410	−0.047%	$5K	$263K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0049%	8h	2.1412	−0.037%	$5K	$175	5x	as long as short
dYdX TRUMP-USDshort	0.0000%	1h	2.1466	+0.213%	$27K	$501	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1454	+0.161%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1410	−0.047%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1360	−0.280%	$172K	$455K	50x	as long as short
KuCoin TRUMPUSDTM	+0.0060%	4h	2.1430	+0.047%	$4.1M	$10.9M	50x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1410	−0.047%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1442	+0.103%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1432	+0.058%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1432	+0.056%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	0.000%	$398K	$146K	125x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1420	long leg	$15.3M	$27.0M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1432	+0.056%	$181K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.233%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	+0.047%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1421	+0.005%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0276%	1h	2.1448	+0.131%	$383K	$423K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1439	+0.089%	$1.3M	$2.3M	50x	as long as short