Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.088%

Price spread now: gTrade (Gains Network) against BloFin+0.251%50s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 +$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.251% dearer against BloFin than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	BloFin TRUMP-USDT	2.1540	−0.0038	get 0.0019% / 4h	2h 08m	$4.1M	$690K	75x
Short	gTrade (Gains Network) TRUMP/USD	2.1594	L +0.0008% / S −0.0007%	get 0.0001% / 1h	8m 07s	$41K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.251%Rate

Funding earned: $9.39
Price spread: +0.251% → 0.000%: $25.12
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $12.5
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.33 bp	8.3 bp −$8	13.6 bp −$136	28.3 bp −$2,833	130.0 bp −$65.0K
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 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	−0.1827%	1h	2.1480	−0.279%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0368%	1h	2.1573	+0.153%	$954K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0309%	1h	2.1585	+0.209%	$82	$6K	5x	as long as short
Extended TRUMP-USD	−0.0280%	1h	2.1574	+0.157%	$74K	$739K	25x	as long as short
Binance TRUMPUSDT	−0.0277%	4h	2.1581	+0.188%	$60.9M	$250.6M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1576	+0.169%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0238%	4h	2.1580	+0.186%	$30.6M	$52.1M	50x	as long as short
Variational Omni TRUMP	−0.0193%	4h	2.1511	−0.134%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0178%	8h	2.1572	+0.149%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0167%	1h	2.1584	+0.204%	$406K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0139%	4h	2.1508	−0.150%	$105K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0118%	4h	2.1580	+0.186%	$7.7M	$53.8M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0082%	4h	2.1570	+0.139%	$26.6M	$185.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1580	+0.186%	$5K	$233K	10x	as long as short
BloFin TRUMP-USDTlong	−0.0038%	4h	2.1540	long leg	$4.1M	$690K	75x
dYdX TRUMP-USD	−0.0017%	1h	2.1596	+0.261%	$27K	$501	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1555	+0.070%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1594	+0.251%	$41K	—	150x
GRVT TRUMP_USDT_Perp	+0.0018%	4h	2.1520	−0.093%	$182K	$4.7M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1590	+0.232%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1587	+0.219%	$406K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1579	+0.181%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	+0.186%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1590	+0.232%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	+0.186%	$15.4M	$26.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.279%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.279%	$485K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1589	+0.228%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1614	+0.342%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0260%	1h	2.1612	+0.334%	$384K	$412K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1580	+0.186%	$238K	$378K	50x	as long as short