Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against Paradex−0.039%7-day average — · you buy dearer than you sell

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.039% cheaper against Paradex than usual: you would sell low and buy high (−$4 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	Paradex TRUMP-USD-PERP	2.1783	0.0041	pay 0.0041% / 8h	5h 24m	$5K	$175	5x
Short	gTrade (Gains Network) TRUMP/USD	2.1774	L +0.0008% / S −0.0007%	get 0.0001% / 1h	24m 49s	$42K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Paradex. 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 ParadexbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.039%Rate

Funding earned: −$7.07
Price spread: −0.039% → 0.000%: −$3.87
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$24.94
Costs to cover: 0.140%
Break-even: never at this rate

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

Paradex 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	−0.1659%	1h	2.1580	−0.932%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1751	−0.147%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1770	−0.059%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1761	−0.101%	$969K	$795K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0026%	1h	2.1770	−0.059%	$410K	$72K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1766	−0.078%	$27K	$512	5x	as long as short
SoDEX TRUMP-USD	+0.0003%	1h	2.1759	−0.110%	$84	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1774	−0.039%	$42K	—	150x
Paradex TRUMP-USD-PERPlong	+0.0041%	8h	2.1783	long leg	$5K	$175	5x
edgeX TRUMPUSDC	+0.0050%	4h	2.1701	−0.375%	$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
Bybit TRUMPUSDT	+0.0050%	4h	2.1770	−0.059%	$31.0M	$48.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1760	−0.105%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1793	+0.046%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1777	−0.029%	$431K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1780	−0.012%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1770	−0.059%	$62.9M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	−0.013%	$27.5M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	−0.151%	$417K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	−0.059%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1780	−0.013%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.286%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1728	−0.253%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.033%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.078%	$533K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1759	−0.108%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1760	−0.105%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0108%	1h	2.1777	−0.027%	$255K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1769	−0.062%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1785	+0.012%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	−0.151%	$4.3M	$657K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.610%	$280K	$297K	50x	as long as short