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 −0.003%

Price spread now: Gate against Bitget−0.046%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.046%, 7d avg +0.012%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.058% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1890	0.0100	pay 0.0050% / 4h	18m 30s	$15.5M	$21.7M	75x
Short	Gate TRUMP_USDT	2.1880	0.0100	get 0.0050% / 4h	18m 30s	$7.5M	$48.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.012%: −$5.81
Slippage, 4 orders: −$23.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.26
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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 Bitget live order book, 5 min ago	2.29 bp	8.3 bp −$8	12.5 bp −$125	38.8 bp −$3,877	doesn't fit
Sell Gate live order book, 5 min ago	2.29 bp	14.4 bp −$14	31.8 bp −$318	69.7 bp −$6,966	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	2.1770	−0.548%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1882	−0.037%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1877	−0.061%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1916	+0.119%	$411K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1888	−0.009%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1805	−0.388%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1890	0.000%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1874	−0.073%	$981K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1883	−0.030%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1887	−0.015%	$456K	$833K	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	2.1880	−0.043%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1888	−0.011%	$62.8M	$226.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1880	−0.046%	$30.8M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	0.000%	$27.2M	$153.2M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.1880	−0.046%	$7.5M	$48.7M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.046%	$479K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1890	0.000%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1890	long leg	$15.5M	$21.7M	75x
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.173%	$639K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1845	−0.207%	$192K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	+0.091%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1909	+0.087%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1940	+0.228%	$555K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	−0.042%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1905	+0.069%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1890	+0.002%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0278%	1h	2.1907	+0.078%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	+0.091%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.777%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0489%	1h	2.1927	+0.169%	$258K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0871%	1h	2.1934	+0.199%	$1.3M	$2.5M	50x	as long as short