Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.024%

Price spread now: MEXC against gTrade (Gains Network)−0.118%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 MEXC

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

Funding pays, the price is against you. MEXC is 0.118% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1505	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	59m 03s	$41K	—	150x
Short	MEXC TRUMP_USDC	2.1480	0.0100	get 0.0050% / 4h	3h 59m	$399K	$146K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.118%Rate

Funding earned: $19.26
Price spread: −0.118% → 0.000%: −$11.81
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$2.55
Costs to cover: 0.100%
Break-even: 7.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 30 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 MEXC live order book, 30 min ago	2.34 bp	6.6 bp −$7	23.1 bp −$231	135.9 bp −$13.6K	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 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	−0.1829%	1h	2.1410	−0.444%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.1238%	1h	2.1471	−0.160%	$404K	$65K	10x	as long as short
SoDEX TRUMP-USD	−0.0361%	1h	2.1479	−0.123%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0283%	4h	2.1472	−0.155%	$663K	$421K	—	as long as short
Lighter TRUMP	−0.0264%	1h	2.1491	−0.067%	$939K	$988K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1472	−0.155%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0208%	4h	2.1510	+0.021%	$60.9M	$249.6M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1470	−0.165%	$74K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0199%	4h	2.1490	−0.072%	$26.8M	$183.8M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1420	−0.397%	$167K	$480K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0127%	8h	2.1496	−0.042%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0099%	4h	2.1442	−0.295%	$105K	$253K	20x	as long as short
Gate TRUMP_USDT	−0.0096%	4h	2.1490	−0.072%	$7.7M	$49.4M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0082%	4h	2.1480	−0.118%	$5K	$288K	10x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1517	+0.054%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	+0.0004%	4h	2.1500	−0.025%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1505	long leg	$41K	—	150x
BloFin TRUMP-USDT	+0.0032%	4h	2.1480	−0.118%	$4.2M	$687K	75x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1470	−0.163%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0060%	4h	2.1490	−0.072%	$15.3M	$26.9M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1517	+0.054%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1526	+0.095%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1512	+0.031%	$185K	$54K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1490	−0.072%	$30.5M	$52.2M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1480	−0.118%	$399K	$146K	125x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1490	−0.072%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.068%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	−0.025%	$495K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1508	+0.013%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1501	−0.018%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0280%	1h	2.1524	+0.086%	$383K	$417K	10x	as long as short