Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0169%/8hpaid last 24h −0.018%

Price spread now: Binance against GMX+0.019%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Binance

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—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: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1513	L +0.0228% / S −0.0259%	pay 0.0029% / 1h	22m 45s	$11K	—	100x
Short	Binance TRUMPUSDT	2.1517	0.0059	get 0.0030% / 4h	22m 45s	$61.7M	$209.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$35.46
Price spread: +0.019% → 0.000%: $1.94
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.52
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 10 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	2.34 bp	7.6 bp −$8	13.2 bp −$132	37.8 bp −$3,776	205.1 bp −$102.5K

GMX: 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	−0.1937%	1h	2.1380	−0.619%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0394%	1h	2.1525	+0.056%	$1.0M	$2.1M	50x	as long as short
Lighter TRUMP	−0.0360%	1h	2.1504	−0.043%	$963K	$585K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1490	−0.108%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0115%	1h	2.1505	−0.038%	$77	$6K	5x	as long as short
dYdX TRUMP-USD	−0.0022%	1h	2.1510	−0.015%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1523	+0.046%	$403K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.008%	$41K	—	150x	as long as short
MEXC TRUMP_USDC	+0.0018%	4h	2.1500	−0.061%	$472K	$135K	125x	as long as short
Paradex TRUMP-USD-PERP	+0.0028%	8h	2.1503	−0.048%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0031%	4h	2.1467	−0.212%	$117K	$242K	20x	as long as short
Gate TRUMP_USDT	+0.0038%	4h	2.1510	−0.015%	$7.4M	$44.7M	75x	as long as short
Extended TRUMP-USD	+0.0056%	1h	2.1514	+0.003%	$74K	$472K	25x	as long as short
Binance TRUMPUSDTshort	+0.0059%	4h	2.1517	+0.019%	$61.7M	$209.3M	75x
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.1500	−0.061%	$3K	$249K	10x	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1501	−0.059%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1534	+0.097%	$13.7M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1528	+0.068%	$433K	$824K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1511	−0.008%	$185K	$65K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1500	−0.061%	$30.0M	$40.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1500	−0.061%	$26.6M	$143.3M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	+0.032%	$4.4M	$9.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1520	+0.032%	$15.2M	$19.9M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1533	+0.092%	$254K	$265K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1425	−0.410%	$666K	$231K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.125%	$191K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1540	+0.125%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.078%	$500K	$1.6M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0228% / S −0.0259%	1h	2.1513	long leg	$11K	—	100x
BloFin TRUMP-USDT	+0.0237%	4h	2.1510	−0.015%	$4.2M	$474K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1570	+0.264%	$277K	$397K	50x	as long as short