Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0218%/8h= −23.9% APRpaid last 24h +0.008%

Price spread now: Gate against gTrade (Gains Network)−0.013%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Gate

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1453	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	57m 06s	$40K	—	150x
Short	Gate TRUMP_USDT	2.1450	−0.0210	pay 0.0105% / 4h	57m 06s	$7.7M	$46.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now −0.013%Rate

Funding earned: −$45.84
Price spread: −0.013% → 0.000%: −$1.26
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$72.1
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 5 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	4.66 bp	12.2 bp −$12	27.9 bp −$279	70.2 bp −$7,015	doesn't fit

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 32 exchanges

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
Extended TRUMP-USD	−0.0376%	1h	2.1427	−0.118%	$74K	$483K	25x	as long as short
Binance TRUMPUSDT	−0.0375%	4h	2.1450	−0.013%	$62.7M	$236.9M	75x	as long as short
Variational Omni TRUMP	−0.0366%	4h	2.1449	−0.016%	$668K	$400K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0326%	4h	2.1450	−0.013%	$27.1M	$172.8M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1440	−0.059%	$129K	$522K	50x	as long as short
Bybit TRUMPUSDT	−0.0302%	4h	2.1450	−0.013%	$31.2M	$48.2M	50x	as long as short
SoDEX TRUMP-USD	−0.0292%	1h	2.1447	−0.027%	$80	$6K	5x	as long as short
MEXC TRUMP_USDC	−0.0262%	4h	2.1430	−0.106%	$388K	$141K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1439	−0.062%	$5	—	10x	as long as short
Gate TRUMP_USDTshort	−0.0210%	4h	2.1450	−0.013%	$7.7M	$46.2M	75x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TRUMPUSDTM	−0.0202%	4h	2.1440	−0.059%	$4.3M	$10.1M	50x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1465	+0.055%	$105K	$254K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0162%	8h	2.1426	−0.122%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0136%	4h	2.1450	−0.013%	$4.3M	$658K	75x	as long as short
Lighter TRUMP	−0.0120%	1h	2.1443	−0.045%	$917K	$927K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0093%	4h	2.1440	−0.059%	$5K	$292K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0076%	1h	2.1457	+0.020%	$385K	$79K	10x	as long as short
Bitget TRUMPUSDT	−0.0032%	4h	2.1460	+0.034%	$15.5M	$24.7M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1431	−0.102%	$19K	—	3x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1454	+0.004%	$25K	$3K	5x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1453	long leg	$40K	—	150x
GRVT TRUMP_USDT_Perp	+0.0010%	4h	2.1480	+0.128%	$180K	$4.0M	10x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.479%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1459	+0.029%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1451	−0.007%	$405K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1450	−0.013%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.034%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.081%	$487K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1440	−0.059%	$264K	$586K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0217%	1h	2.1459	+0.027%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0314%	1h	2.1483	+0.141%	$383K	$391K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0326%	1h	2.1490	+0.173%	$1.4M	$2.1M	50x	as long as short