Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.025%

Price spread now: Gate against Deribit+0.103%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.103%, 7d avg −0.026%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.129% dearer against Deribit than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.026%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.245%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1408	−0.0030	get 0.0004% / 1h	27m 32s	$403K	$81K	10x
Short	Gate TRUMP_USDT	2.1430	−0.0076	pay 0.0038% / 4h	1h 27m	$7.7M	$53.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now +0.103%Rate

Funding earned: −$9.62
Price spread: +0.103% → −0.026%: $12.9
Slippage, 4 orders: −$30.82
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.55
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from Deribit: live order book, 16 min ago; Gate: live order book, 1 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 Deribit live order book, 16 min ago	8.18 bp	13.5 bp −$14	24.6 bp −$246	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.68 bp	13.7 bp −$14	24.1 bp −$241	68.5 bp −$6,851	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	−0.1927%	1h	2.1260	−0.691%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	−0.170%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1410	+0.009%	$74K	$595K	25x	as long as short
Binance TRUMPUSDT	−0.0195%	4h	2.1430	+0.103%	$60.4M	$251.7M	75x	as long as short
Variational Omni TRUMP	−0.0145%	4h	2.1381	−0.125%	$660K	$424K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0102%	4h	2.1420	+0.056%	$26.5M	$184.7M	50x	as long as short
edgeX TRUMPUSDC	−0.0100%	4h	2.1400	−0.036%	$104K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1423	+0.069%	$1.3M	$2.3M	50x	as long as short
Bybit TRUMPUSDT	−0.0081%	4h	2.1430	+0.103%	$30.4M	$52.6M	50x	as long as short
Gate TRUMP_USDTshort	−0.0076%	4h	2.1430	+0.103%	$7.7M	$53.6M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	−0.0058%	4h	2.1390	−0.084%	$5K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0051%	8h	2.1415	+0.031%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	−0.0030%	1h	2.1408	long leg	$403K	$81K	10x
SoDEX TRUMP-USD	−0.0011%	1h	2.1395	−0.061%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1443	+0.161%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1409	+0.003%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1386	−0.102%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0040%	4h	2.1370	−0.178%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1422	+0.065%	$946K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1447	+0.182%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1439	+0.147%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1435	+0.126%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	+0.056%	$398K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1450	+0.196%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1440	+0.149%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.084%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.009%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.009%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1419	+0.050%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1360	−0.224%	$202K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0377%	1h	2.1451	+0.201%	$380K	$416K	10x	as long as short