Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.006%

Price spread now: Gate against Paradex+0.178%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.178% dearer against Paradex than usual: you sell high and buy low, +$18 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	Paradex TRUMP-USD-PERP	2.1502	−0.0104	get 0.0104% / 8h	10m 09s	$5K	$175	5x
Short	Gate TRUMP_USDT	2.1540	−0.0100	pay 0.0050% / 4h	10m 09s	$7.7M	$53.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.178%Rate

Funding earned: $0.94
Price spread: +0.178% → 0.000%: $17.75
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$0.31
Costs to cover: 0.190%
Break-even: 9.3 days

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	2.33 bp	13.9 bp −$14	31.1 bp −$311	71.2 bp −$7,123	doesn't fit

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	−0.1797%	1h	2.1380	−0.567%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0349%	1h	2.1545	+0.201%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1552	+0.234%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0243%	4h	2.1482	−0.091%	$663K	$423K	—	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1540	+0.176%	$74K	$496K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0190%	4h	2.1540	+0.178%	$26.9M	$184.9M	50x	as long as short
Binance TRUMPUSDT	−0.0189%	4h	2.1550	+0.224%	$60.9M	$250.8M	75x	as long as short
Bybit TRUMPUSDT	−0.0186%	4h	2.1550	+0.224%	$30.6M	$52.4M	50x	as long as short
Lighter TRUMP	−0.0176%	1h	2.1543	+0.191%	$942K	$1.0M	10x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0104%	8h	2.1502	long leg	$5K	$175	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDTshort	−0.0100%	4h	2.1540	+0.178%	$7.7M	$53.4M	75x
edgeX TRUMPUSDC	−0.0092%	4h	2.1442	−0.281%	$105K	$254K	20x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0075%	1h	2.1561	+0.275%	$406K	$81K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0070%	4h	2.1540	+0.178%	$5K	$278K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1526	+0.112%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1555	+0.249%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0024%	4h	2.1550	+0.224%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1532	+0.140%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0053%	4h	2.1500	−0.009%	$4.1M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.799%	$167K	$479K	50x	as long as short
Bitget TRUMPUSDT	+0.0080%	4h	2.1550	+0.224%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1553	+0.238%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1557	+0.257%	$404K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1517	+0.071%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1540	+0.178%	$400K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1500	−0.009%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1570	+0.317%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1560	+0.271%	$495K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1559	+0.264%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0298%	1h	2.1575	+0.340%	$385K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0596%	1h	2.1572	+0.328%	$1.3M	$2.3M	50x	as long as short