Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.028%

Price spread now: GMX against Aster+0.012%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.1448	0.0100	pay 0.0050% / 4h	38m 07s	$422K	$828K	20x
Short	GMX TRUMP/USD [ETH-USDC]	2.1451	L +0.0216% / S −0.0188%	get 0.0023% / 1h	38m 07s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $18.46
Price spread: +0.012% → 0.000%: $1.15
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$0.38
Costs to cover: 0.200%
Break-even: 7.1 days

Slippage unknown: Aster: live order book, 20 min ago; GMX: 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 Aster live order book, 20 min ago	6.98 bp	11.1 bp −$11	20.4 bp −$204	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1690%	1h	2.1350	−0.459%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0259%	1h	2.1435	−0.062%	$95	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	−0.032%	$5	—	10x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1415	−0.156%	$947K	$933K	10x	as long as short
Gate TRUMP_USDT	−0.0088%	4h	2.1440	−0.039%	$7.6M	$50.6M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1453	+0.022%	$404K	$72K	10x	as long as short
Variational Omni TRUMP	−0.0012%	4h	2.1461	+0.059%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1436	−0.058%	$27K	$512	5x	as long as short
Bybit TRUMPUSDT	+0.0007%	4h	2.1430	−0.086%	$30.4M	$49.3M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1451	+0.011%	$40K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	+0.0010%	8h	2.1408	−0.188%	$5K	$175	5x	as long as short
Extended TRUMP-USD	+0.0016%	1h	2.1435	−0.064%	$74K	$749K	25x	as long as short
edgeX TRUMPUSDC	+0.0016%	4h	2.1508	+0.277%	$105K	$263K	20x	as long as short
Binance TRUMPUSDT	+0.0017%	4h	2.1429	−0.092%	$60.2M	$241.2M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0048%	4h	2.1440	−0.039%	$4K	$213K	10x	as long as short
BloFin TRUMP-USDT	+0.0084%	4h	2.1440	−0.039%	$4.1M	$676K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1436	−0.056%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1451	+0.012%	$14.1M	$7.3M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1448	long leg	$422K	$828K	20x
Pacifica TRUMP	+0.0100%	1h	2.1418	−0.142%	$184K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1420	−0.132%	$27.1M	$171.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1440	−0.039%	$404K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1450	+0.008%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1450	+0.008%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1459	+0.050%	$251K	$316K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1520	+0.336%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.101%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.008%	$497K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.1451	+0.012%	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1466	+0.082%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1470	+0.101%	$278K	$281K	50x	as long as short