Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.024%

Price spread now: Paradex against gTrade (Gains Network)−0.124%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 Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.124% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1907	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	37m 16s	$41K	—	150x
Short	Paradex TRUMP-USD-PERP	2.1880	0.0036	get 0.0036% / 8h	3h 37m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.124%Rate

Funding earned: $5.87
Price spread: −0.124% → 0.000%: −$12.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.55
Costs to cover: 0.140%
Break-even: 31.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	−0.1765%	1h	2.1690	−0.991%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1881	−0.117%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0182%	1h	2.1895	−0.055%	$93	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0101%	4h	2.1920	+0.059%	$31.1M	$50.1M	50x	as long as short
Extended TRUMP-USD	−0.0064%	1h	2.1891	−0.072%	$75K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0060%	4h	2.1910	+0.013%	$62.1M	$245.2M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.529%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0028%	4h	2.1794	−0.515%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	−0.095%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1905	−0.010%	$412K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1907	long leg	$41K	—	150x
Orderly PERP_TRUMP_USDC	+0.0031%	4h	2.1880	−0.124%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0036%	8h	2.1880	−0.124%	$5K	$175	5x
Gate TRUMP_USDT	+0.0058%	4h	2.1890	−0.078%	$7.9M	$51.4M	75x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1880	−0.122%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1897	−0.046%	$970K	$969K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1900	−0.032%	$13.9M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1894	−0.061%	$429K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1887	−0.091%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	+0.013%	$28.0M	$180.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	−0.032%	$411K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	+0.013%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	+0.059%	$15.9M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1796	−0.506%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1900	−0.032%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.105%	$499K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1925	+0.080%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1909	+0.007%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0180%	4h	2.1870	−0.169%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0373%	1h	2.1939	+0.146%	$344K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.306%	$282K	$278K	50x	as long as short