Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.004%

Price spread now: Paradex against Bitget−0.089%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.089% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1450	0.0100	pay 0.0050% / 4h	35m 17s	$15.5M	$25.6M	75x
Short	Paradex TRUMP-USD-PERP	2.1431	0.0014	get 0.0014% / 8h	4h 35m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$18.04
Price spread: −0.089% → 0.000%: −$8.92
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$42.96
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Paradex: 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, 4 min ago	2.33 bp	8.3 bp −$8	15.7 bp −$157	45.0 bp −$4,504	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1690%	1h	2.1350	−0.466%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1437	−0.063%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0215%	1h	2.1435	−0.070%	$95	$6K	5x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1419	−0.145%	$948K	$933K	10x	as long as short
Gate TRUMP_USDT	−0.0076%	4h	2.1440	−0.047%	$7.6M	$50.7M	75x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1381	−0.320%	$654K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1446	−0.018%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1447	−0.014%	$404K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1455	+0.022%	$40K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0008%	4h	2.1428	−0.105%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRUMPUSDT	+0.0013%	4h	2.1444	−0.029%	$60.3M	$241.2M	75x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0014%	8h	2.1431	−0.089%	$5K	$175	5x
Extended TRUMP-USD	+0.0016%	1h	2.1430	−0.095%	$74K	$749K	25x	as long as short
Bybit TRUMPUSDT	+0.0028%	4h	2.1450	0.000%	$30.4M	$49.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0047%	4h	2.1440	−0.047%	$4K	$210K	10x	as long as short
BloFin TRUMP-USDT	+0.0061%	4h	2.1450	0.000%	$4.1M	$676K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1426	−0.114%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1472	+0.103%	$14.2M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1442	−0.037%	$420K	$828K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1444	−0.030%	$184K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1430	−0.093%	$27.1M	$172.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	−0.093%	$403K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1450	0.000%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1450	long leg	$15.5M	$25.6M	75x
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1437	−0.061%	$251K	$315K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1419	−0.146%	$176K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1400	−0.233%	$496K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1444	−0.030%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1468	+0.083%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1430	−0.093%	$278K	$279K	50x	as long as short