Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.006%

Price spread now: Paradex against Gate−0.156%45s7-day average — · you buy dearer than you sell

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

Long on Gate Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.156% cheaper against Gate than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1690	−0.0114	get 0.0057% / 4h	2h 56m	$7.8M	$47.6M	75x
Short	Paradex TRUMP-USD-PERP	2.1656	−0.0144	pay 0.0144% / 8h	6h 56m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.156%Rate

Funding earned: −$6.24
Price spread: −0.156% → 0.000%: −$15.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$40.84
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; 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 Gate live order book, 2 min ago	2.31 bp	15.1 bp −$15	43.0 bp −$430	87.3 bp −$8,732	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 32 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	−0.1841%	1h	2.1600	−0.415%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.189%	$675K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0309%	4h	2.1700	+0.046%	$31.3M	$50.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0308%	1h	2.1695	+0.023%	$69	$6K	5x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1675	−0.069%	$942K	$967K	10x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1684	−0.027%	$77K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0247%	4h	2.1690	0.000%	$27.4M	$180.9M	50x	as long as short
Binance TRUMPUSDT	−0.0247%	4h	2.1702	+0.054%	$63.6M	$244.3M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1671	−0.088%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1680	−0.046%	$142K	$513K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERPshort	−0.0144%	8h	2.1656	−0.156%	$5K	$175	5x
edgeX TRUMPUSDC	−0.0120%	4h	2.1706	+0.075%	$106K	$254K	20x	as long as short
Gate TRUMP_USDTlong	−0.0114%	4h	2.1690	long leg	$7.8M	$47.6M	75x
Orderly PERP_TRUMP_USDC	−0.0080%	4h	2.1680	−0.046%	$5K	$319K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0054%	4h	2.1690	0.000%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0044%	1h	2.1668	−0.102%	$26K	$2K	5x	as long as short
BloFin TRUMP-USDT	−0.0007%	4h	2.1740	+0.231%	$4.3M	$693K	75x	as long as short
Bitget TRUMPUSDT	−0.0004%	4h	2.1700	+0.046%	$15.4M	$26.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1703	+0.060%	$390K	$73K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.341%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1740	+0.231%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1675	−0.071%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0048%	4h	2.1680	−0.046%	$402K	$147K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1717	+0.124%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1721	+0.141%	$413K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1677	−0.060%	$186K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1734	+0.201%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1710	+0.092%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	0.000%	$500K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1710	+0.092%	$4K	$35K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	+0.364%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0182%	1h	2.1747	+0.263%	$387K	$411K	10x	as long as short