Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.013%

Price spread now: Extended against Bitget−0.094%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.094%, 7d avg −0.043%

Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.051% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1490	0.0082	pay 0.0041% / 4h	11m 43s	$15.3M	$27.0M	75x
Short	Extended TRUMP-USD	2.1470	−0.0184	pay 0.0023% / 1h	11m 43s	$74K	$496K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$55.86
Price spread: −0.094% → −0.043%: −$5.1
Slippage, 4 orders: −$24.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$102.26
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 26 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 Bitget live order book, 2 min ago	2.32 bp	8.3 bp −$8	12.4 bp −$124	39.3 bp −$3,933	doesn't fit
Sell Extended live order book, 26 min ago	7.01 bp	10.1 bp −$10	33.1 bp −$331	doesn't fit	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	−0.1797%	1h	2.1350	−0.651%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0346%	1h	2.1475	−0.070%	$76	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1486	−0.019%	$405K	$81K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1487	−0.013%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0226%	4h	2.1452	−0.178%	$662K	$423K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0198%	4h	2.1490	0.000%	$26.8M	$184.5M	50x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1485	−0.023%	$939K	$1.0M	10x	as long as short
Bybit TRUMPUSDT	−0.0190%	4h	2.1480	−0.047%	$30.5M	$52.4M	50x	as long as short
Binance TRUMPUSDT	−0.0187%	4h	2.1482	−0.036%	$60.8M	$250.3M	75x	as long as short
Extended TRUMP-USDshort	−0.0184%	1h	2.1470	−0.094%	$74K	$496K	25x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0106%	4h	2.1480	−0.047%	$7.7M	$53.4M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0105%	8h	2.1489	−0.007%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0092%	4h	2.1442	−0.226%	$105K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0069%	4h	2.1500	+0.047%	$5K	$279K	10x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1507	+0.079%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1501	+0.050%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1480	−0.047%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1470	−0.093%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0055%	4h	2.1510	+0.093%	$4.1M	$689K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.745%	$167K	$479K	50x	as long as short
Bitget TRUMPUSDTlong	+0.0082%	4h	2.1490	long leg	$15.3M	$27.0M	75x
Hyperliquid TRUMP	+0.0100%	1h	2.1512	+0.102%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1498	+0.038%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1510	+0.093%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	−0.047%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1460	−0.138%	$173K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.047%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1508	+0.082%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0292%	1h	2.1506	+0.074%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1501	+0.050%	$1.3M	$2.3M	50x	as long as short