Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.024%

Price spread now: KuCoin 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 KuCoin

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: −$3 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]	2.2086	L +0.0217% / S −0.0188%	pay 0.0027% / 1h	58m 48s	$10K	—	100x
Short	KuCoin TRUMPUSDTM	2.2090	0.0100	get 0.0050% / 4h	2h 58m	$4.1M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$24.48
Price spread: +0.019% → 0.000%: $1.88
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.6
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	2.26 bp	16.1 bp −$16	68.9 bp −$689	doesn't fit	doesn't fit

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	−0.1623%	1h	2.1990	−0.434%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2042	−0.201%	$5	—	10x	as long as short
Lighter TRUMP	−0.0176%	1h	2.1945	−0.638%	$975K	$778K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2096	+0.047%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2086	+0.001%	$416K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2084	−0.007%	$44K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0017%	1h	2.2075	−0.049%	$80	$6K	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.514%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.2086	+0.001%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0092%	4h	2.2090	+0.019%	$3K	$248K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2039	−0.212%	$14.3M	$6.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2088	+0.008%	$461K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2094	+0.037%	$192K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1966	−0.545%	$63.4M	$231.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2030	−0.253%	$31.2M	$46.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2020	−0.298%	$28.7M	$163.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2040	−0.208%	$7.8M	$47.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2060	−0.117%	$476K	$130K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.2090	+0.019%	$4.1M	$10.8M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.2020	−0.298%	$15.9M	$23.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2051	−0.157%	$702K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2080	−0.026%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2090	+0.019%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2130	+0.200%	$574K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2029	−0.255%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2084	−0.008%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0217% / S −0.0188%	1h	2.2086	long leg	$10K	—	100x
Backpack TRUMP_USDC_PERP	+0.0242%	1h	2.2108	+0.100%	$263K	$311K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2100	+0.064%	$4.3M	$672K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0511%	1h	2.2107	+0.094%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2230	+0.653%	$292K	$286K	50x	as long as short