Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX+0.045%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.045%, 7d avg +0.011%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.034% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.2060	0.0100	pay 0.0050% / 4h	2h 38m	$28.9M	$170.1M	50x
Short	Bitget TRUMPUSDT	2.2070	0.0100	get 0.0050% / 4h	2h 38m	$15.8M	$24.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.011%: $3.42
Slippage, 4 orders: −$20.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.3
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 min ago.

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 OKX live order book, 5 min ago	2.24 bp	10.7 bp −$11	15.0 bp −$150	54.6 bp −$5,458	doesn't fit
Sell Bitget live order book, 5 min ago	4.49 bp	10.5 bp −$10	13.7 bp −$137	68.0 bp −$6,798	doesn't fit

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	2.1980	−0.363%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2112	+0.234%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2096	+0.161%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2114	+0.245%	$416K	$80K	10x	as long as short
Gate TRUMP_USDT	+0.0004%	4h	2.2070	+0.045%	$7.8M	$48.7M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2125	+0.295%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2246	+0.844%	$108K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0078%	8h	2.2070	+0.046%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2110	+0.227%	$3K	$236K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2055	−0.023%	$980K	$788K	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	2.2084	+0.109%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2091	+0.142%	$437K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2086	+0.117%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2068	+0.034%	$64.1M	$235.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2060	0.000%	$31.5M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.2060	long leg	$28.9M	$170.1M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.2070	+0.045%	$440K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2080	+0.091%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.2070	+0.045%	$15.8M	$24.2M	75x
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.052%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2068	+0.036%	$181K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2140	+0.363%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2110	+0.227%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2220	+0.725%	$569K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2070	+0.044%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2084	+0.107%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2117	+0.260%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0315%	1h	2.2123	+0.286%	$259K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.771%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0510%	1h	2.2136	+0.344%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.181%	$286K	$307K	50x	as long as short