Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0321%/8h= −35.2% APRpaid last 24h −0.032%

Price spread now: Paradex against GMX−0.246%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 Paradex

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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Paradex is 0.246% cheaper against GMX than usual: you would sell low and buy high (−$25 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]	2.1591	L +0.0137% / S −0.0099%	pay 0.0017% / 1h	10m 21s	$9K	—	100x
Short	Paradex TRUMP-USD-PERP	2.1538	−0.0184	pay 0.0184% / 8h	2h 10m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.246%Rate

Funding earned: −$67.47
Price spread: −0.246% → 0.000%: −$24.64
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$108.1
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and 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 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	−0.1827%	1h	2.1360	−1.070%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0376%	1h	2.1526	−0.301%	$951K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0331%	1h	2.1515	−0.352%	$82	$6K	5x	as long as short
Extended TRUMP-USD	−0.0280%	1h	2.1549	−0.195%	$74K	$739K	25x	as long as short
Binance TRUMPUSDT	−0.0279%	4h	2.1590	−0.005%	$60.9M	$250.4M	75x	as long as short
Bybit TRUMPUSDT	−0.0254%	4h	2.1590	−0.005%	$30.6M	$51.9M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	−0.091%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0193%	4h	2.1511	−0.370%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERPshort	−0.0184%	8h	2.1538	−0.246%	$5K	$175	5x
edgeX TRUMPUSDC	−0.0140%	4h	2.1472	−0.550%	$105K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	−0.0122%	1h	2.1525	−0.306%	$405K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0118%	4h	2.1580	−0.051%	$7.7M	$53.7M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0083%	4h	2.1580	−0.051%	$27.1M	$184.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1570	−0.098%	$5K	$230K	10x	as long as short
BloFin TRUMP-USDT	−0.0039%	4h	2.1520	−0.329%	$4.1M	$689K	75x	as long as short
dYdX TRUMP-USD	−0.0018%	1h	2.1533	−0.268%	$27K	$501	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0002%	4h	2.1440	−0.700%	$182K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1500	−0.422%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1595	+0.016%	$41K	—	150x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1593	+0.009%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1585	−0.028%	$406K	$771K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1540	−0.238%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1570	−0.098%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1590	−0.005%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	−0.051%	$15.4M	$26.8M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	−0.283%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	−0.283%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0137% / S −0.0099%	1h	2.1591	long leg	$9K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1542	−0.226%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0248%	1h	2.1553	−0.176%	$383K	$411K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1520	−0.329%	$238K	$363K	50x	as long as short