Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.003%

Price spread now: Extended against Gate−0.004%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.004%, 7d avg −0.046%

Together, before fees+0.193%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.149%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1740	−0.0062	get 0.0031% / 4h	1h 26m	$7.6M	$50.0M	75x
Short	Extended TRUMP-USD	2.1739	0.0104	get 0.0013% / 1h	26m 26s	$115K	$706K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −0.004%Rate

Funding earned: $34.86
Price spread: −0.004% → −0.046%: $4.17
Slippage, 4 orders: −$22.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$3.4
Costs to cover: 0.424%
Break-even: 7.7 days

Slippage from Gate: live order book, 2 min ago; Extended: live order book, 36 min ago.

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 Gate live order book, 2 min ago	2.30 bp	13.7 bp −$14	29.6 bp −$296	73.4 bp −$7,344	doesn't fit
Sell Extended live order book, 36 min ago	4.56 bp	7.7 bp −$8	28.1 bp −$281	doesn't fit	doesn't fit

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	−0.1659%	1h	2.1620	−0.552%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	+0.004%	$5	—	10x	as long as short
Gate TRUMP_USDTlong	−0.0062%	4h	2.1740	long leg	$7.6M	$50.0M	75x
Lighter TRUMP	−0.0040%	1h	2.1724	−0.074%	$967K	$795K	10x	as long as short
SoDEX TRUMP-USD	−0.0002%	1h	2.1695	−0.207%	$83	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1736	−0.020%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1705	−0.161%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	−0.118%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1726	−0.063%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0050%	4h	2.1750	+0.046%	$31.0M	$48.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1802	+0.284%	$106K	$262K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0074%	4h	2.1700	−0.184%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1762	+0.101%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1734	−0.029%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1740	+0.001%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1754	+0.065%	$62.9M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1750	+0.046%	$27.4M	$170.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1720	−0.092%	$416K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1730	−0.046%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.046%	$15.5M	$25.1M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1732	−0.037%	$254K	$319K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.416%	$685K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1750	+0.047%	$177K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1730	−0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1740	0.000%	$532K	$1.9M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.1739	−0.004%	$115K	$706K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1685	−0.253%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1708	−0.148%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1728	−0.057%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	−0.184%	$4.2M	$655K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.414%	$280K	$297K	50x	as long as short