Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h +0.025%

Price spread now: Gate against dYdX−0.076%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.076% cheaper against dYdX than usual: you would sell low and buy high (−$8 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	dYdX TRUMP-USD	2.1436	0	get 0.0000% / 1h	44m 28s	$27K	$501	5x
Short	Gate TRUMP_USDT	2.1420	−0.0090	pay 0.0045% / 4h	1h 44m	$7.7M	$53.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now −0.076%Rate

Funding earned: −$18.9
Price spread: −0.076% → 0.000%: −$7.63
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.53
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	2.34 bp	13.8 bp −$14	24.6 bp −$246	67.2 bp −$6,716	doesn't fit

dYdX: 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	−0.1927%	1h	2.1280	−0.729%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1402	−0.162%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0224%	4h	2.1420	−0.076%	$60.5M	$252.0M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1420	−0.075%	$74K	$741K	25x	as long as short
Variational Omni TRUMP	−0.0141%	4h	2.1381	−0.257%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0116%	4h	2.1400	−0.169%	$104K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1482	+0.212%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0092%	4h	2.1390	−0.216%	$26.4M	$184.8M	50x	as long as short
Gate TRUMP_USDTshort	−0.0090%	4h	2.1420	−0.076%	$7.7M	$53.5M	75x
Paradex TRUMP-USD-PERP	−0.0085%	8h	2.1418	−0.085%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1440	+0.017%	$5K	$239K	10x	as long as short
Bybit TRUMPUSDT	−0.0059%	4h	2.1410	−0.123%	$30.4M	$52.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0014%	1h	2.1448	+0.054%	$82	$6K	5x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.1436	long leg	$27K	$501	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1453	+0.078%	$404K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1454	+0.084%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0013%	4h	2.1430	−0.030%	$4.1M	$686K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1437	+0.004%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1413	−0.109%	$946K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1428	−0.039%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1434	−0.013%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1426	−0.049%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	−0.030%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1430	−0.030%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1420	−0.076%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	−0.170%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.064%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	−0.123%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1460	+0.112%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1400	−0.170%	$205K	$420K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0355%	1h	2.1474	+0.176%	$380K	$415K	10x	as long as short