Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.033%

Price spread now: MEXC against GMX−0.184%7-day average — · you buy dearer than you sell

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

Long on GMX Short on MEXC

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.184% cheaper against GMX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1439	L +0.0136% / S −0.0098%	pay 0.0017% / 1h	32m 53s	$9K	—	100x
Short	MEXC TRUMP_USDC	2.1400	0.0100	get 0.0050% / 4h	32m 53s	$398K	$147K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.184%Rate

Funding earned: −$7.66
Price spread: −0.184% → 0.000%: −$18.41
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$38.06
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 62 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 MEXC live order book, 62 min ago	4.69 bp	5.8 bp −$6	19.7 bp −$197	132.1 bp −$13.2K	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	−0.1797%	1h	2.1300	−0.650%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0309%	1h	2.1420	−0.091%	$78	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1421	−0.086%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1404	−0.165%	$936K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	−0.227%	$660K	$423K	—	as long as short
Extended TRUMP-USD	−0.0176%	1h	2.1399	−0.187%	$76K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0172%	4h	2.1401	−0.180%	$60.5M	$251.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0168%	4h	2.1400	−0.184%	$26.6M	$184.0M	50x	as long as short
Bybit TRUMPUSDT	−0.0133%	4h	2.1410	−0.137%	$30.5M	$52.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0123%	1h	2.1436	−0.016%	$404K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0122%	4h	2.1410	−0.137%	$7.6M	$53.3M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0087%	8h	2.1424	−0.072%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0083%	4h	2.1405	−0.159%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0056%	4h	2.1430	−0.044%	$5K	$273K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1444	+0.021%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1442	+0.014%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0022%	4h	2.1410	−0.137%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1376	−0.295%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.277%	$169K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0068%	4h	2.1430	−0.044%	$4.2M	$702K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1434	−0.025%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	−0.091%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1448	+0.040%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1400	−0.184%	$398K	$147K	125x
Bitget TRUMPUSDT	+0.0100%	4h	2.1410	−0.137%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1419	−0.097%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.096%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1460	+0.096%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0136% / S −0.0098%	1h	2.1439	long leg	$9K	—	100x
Backpack TRUMP_USDC_PERP	+0.0278%	1h	2.1446	+0.031%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0599%	1h	2.1454	+0.066%	$1.3M	$2.3M	50x	as long as short