Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.012%

Price spread now: gTrade (Gains Network) against edgeX−0.474%7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.474% cheaper against edgeX than usual: you would sell low and buy high (−$47 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	edgeX TRUMPUSDC	2.1808	0.0050	pay 0.0025% / 4h	1h 48m	$106K	$263K	20x
Short	gTrade (Gains Network) TRUMP/USD	2.1704	L +0.0008% / S −0.0007%	get 0.0001% / 1h	48m 54s	$42K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.474%Rate

Funding earned: −$9.03
Price spread: −0.474% → 0.000%: −$47.41
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$75.44
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 14 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 edgeX live order book, 14 min ago	6.83 bp	14.6 bp −$15	38.1 bp −$381	doesn't fit	doesn't fit
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 30 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	−0.1659%	1h	2.1620	−0.861%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1675	−0.608%	$965K	$792K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1696	−0.512%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1700	−0.494%	$7.6M	$49.2M	75x	as long as short
SoDEX TRUMP-USD	−0.0076%	1h	2.1675	−0.608%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1736	−0.329%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1681	−0.581%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1704	−0.474%	$42K	—	150x
edgeX TRUMPUSDClong	+0.0050%	4h	2.1808	long leg	$106K	$263K	20x
Paradex TRUMP-USD-PERP	+0.0052%	8h	2.1712	−0.437%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0081%	4h	2.1680	−0.586%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1717	−0.416%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1712	−0.440%	$429K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1725	−0.377%	$187K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1691	−0.537%	$62.9M	$235.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1680	−0.586%	$31.1M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1680	−0.586%	$27.8M	$168.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1700	−0.494%	$426K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1710	−0.448%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1720	−0.402%	$15.5M	$24.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1713	−0.434%	$255K	$317K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.106%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1850	+0.194%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1710	−0.448%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	−0.356%	$531K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1694	−0.520%	$115K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1665	−0.654%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1706	−0.465%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1708	−0.456%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	−0.448%	$281K	$300K	50x	as long as short