Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against Orderly+0.116%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on gTrade (Gains Network)

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.116% dearer against Orderly than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1600	−0.0002	get 0.0001% / 4h	3h 04m	$5K	$199K	10x
Short	gTrade (Gains Network) TRUMP/USD	2.1625	L +0.0008% / S −0.0007%	get 0.0001% / 1h	4m 33s	$41K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.116%Rate

Funding earned: $1.71
Price spread: +0.116% → 0.000%: $11.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$2.72
Costs to cover: 0.160%
Break-even: 18.1 days

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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	−0.1765%	1h	2.1490	−0.509%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0382%	1h	2.1605	+0.023%	$84	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0259%	1h	2.1613	+0.060%	$407K	$72K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1601	+0.006%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0238%	8h	2.1616	+0.075%	$5K	$175	5x	as long as short
Binance TRUMPUSDT	−0.0159%	4h	2.1620	+0.093%	$61.1M	$246.3M	75x	as long as short
Extended TRUMP-USD	−0.0152%	1h	2.1614	+0.067%	$77K	$718K	25x	as long as short
Bybit TRUMPUSDT	−0.0116%	4h	2.1620	+0.093%	$30.8M	$50.6M	50x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1620	+0.093%	$7.9M	$52.5M	75x	as long as short
edgeX TRUMPUSDC	−0.0069%	4h	2.1588	−0.054%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0064%	1h	2.1600	0.000%	$954K	$977K	10x	as long as short
Variational Omni TRUMP	−0.0058%	4h	2.1621	+0.098%	$668K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	+0.121%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDClong	−0.0002%	4h	2.1600	long leg	$5K	$199K	10x
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1625	+0.116%	$41K	—	150x
GRVT TRUMP_USDT_Perp	+0.0012%	4h	2.1626	+0.122%	$180K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1588	−0.056%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0065%	4h	2.1630	+0.139%	$27.7M	$179.6M	50x	as long as short
BloFin TRUMP-USDT	+0.0085%	4h	2.1610	+0.046%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1622	+0.102%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1624	+0.109%	$407K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1627	+0.125%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1600	0.000%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	+0.046%	$4.3M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1620	+0.093%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1620	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1630	+0.139%	$492K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1630	+0.137%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1631	+0.142%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0199%	1h	2.1641	+0.190%	$383K	$403K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1630	+0.139%	$284K	$277K	50x	as long as short