Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0152%/8h= −16.7% APRpaid last 24h −0.024%

Price spread now: Paradex against Bitget−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 Bitget Short on Paradex

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.039% cheaper against Bitget 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	Bitget TRUMPUSDT	2.1470	−0.0028	get 0.0014% / 4h	1h 46m	$15.3M	$25.1M	75x
Short	Paradex TRUMP-USD-PERP	2.1462	−0.0180	pay 0.0180% / 8h	5h 46m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$31.97
Price spread: −0.039% → 0.000%: −$3.87
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$51.83
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Paradex: 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 Bitget live order book, 5 min ago	2.33 bp	9.1 bp −$9	14.1 bp −$141	39.7 bp −$3,965	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 32 exchanges

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
Variational Omni TRUMP	−0.0404%	4h	2.1470	−0.002%	$667K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0388%	4h	2.1460	−0.047%	$31.3M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0346%	4h	2.1460	−0.047%	$27.3M	$172.6M	50x	as long as short
SoDEX TRUMP-USD	−0.0342%	1h	2.1455	−0.070%	$73	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0321%	4h	2.1467	−0.012%	$63.0M	$237.6M	75x	as long as short
Extended TRUMP-USD	−0.0320%	1h	2.1448	−0.103%	$74K	$491K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0309%	1h	2.1467	−0.014%	$385K	$78K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1460	−0.047%	$131K	$515K	50x	as long as short
Gate TRUMP_USDT	−0.0246%	4h	2.1470	0.000%	$7.8M	$47.2M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1460	−0.048%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERPshort	−0.0180%	8h	2.1462	−0.039%	$5K	$175	5x
edgeX TRUMPUSDC	−0.0158%	4h	2.1471	+0.007%	$105K	$254K	20x	as long as short
MEXC TRUMP_USDC	−0.0158%	4h	2.1460	−0.047%	$388K	$142K	125x	as long as short
Lighter TRUMP	−0.0144%	1h	2.1464	−0.028%	$923K	$953K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0130%	4h	2.1470	0.000%	$4.2M	$10.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1460	−0.047%	$5K	$303K	10x	as long as short
BloFin TRUMP-USDT	−0.0081%	4h	2.1450	−0.093%	$4.4M	$674K	75x	as long as short
Bitget TRUMPUSDTlong	−0.0028%	4h	2.1470	long leg	$15.3M	$25.1M	75x
dYdX TRUMP-USD	0.0000%	1h	2.1495	+0.117%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1455	−0.070%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1474	+0.018%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1491	+0.097%	$1.3M	$1.9M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.605%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1480	+0.047%	$171K	$4.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1481	+0.053%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1469	−0.005%	$404K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1489	+0.088%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.093%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	+0.093%	$498K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1480	+0.047%	$149K	$358K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0185%	1h	2.1493	+0.107%	$381K	$394K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0197% / S −0.0193%	1h	2.1477	+0.033%	$11K	—	100x	as long as short