Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.005%

Price spread now: Gate against Extended+0.100%7-day average +0.047% · 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−$37as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.100%, 7d avg +0.047%

Together, before fees+0.056%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.054% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1518	−0.0264	get 0.0033% / 1h	1m 22s	$74K	$739K	25x
Short	Gate TRUMP_USDT	2.1540	−0.0116	pay 0.0058% / 4h	2h 01m	$7.7M	$54.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.100%Rate

Funding earned: $31.08
Price spread: +0.100% → +0.047%: $5.36
Slippage, 4 orders: −$22.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.94
Costs to cover: 0.424%
Break-even: 8.3 days

Slippage from Extended: live order book, 47 min ago; Gate: live order book, 3 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 Extended live order book, 47 min ago	4.66 bp	7.7 bp −$8	29.5 bp −$295	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.32 bp	13.2 bp −$13	30.9 bp −$309	75.8 bp −$7,578	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	−0.1827%	1h	2.1440	−0.365%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0328%	1h	2.1536	+0.082%	$952K	$1.0M	10x	as long as short
Extended TRUMP-USDlong	−0.0264%	1h	2.1518	long leg	$74K	$739K	25x
Binance TRUMPUSDT	−0.0262%	4h	2.1550	+0.147%	$60.9M	$251.4M	75x	as long as short
SoDEX TRUMP-USD	−0.0254%	1h	2.1555	+0.170%	$82	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1531	+0.060%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0196%	4h	2.1540	+0.100%	$30.6M	$52.2M	50x	as long as short
Variational Omni TRUMP	−0.0180%	4h	2.1531	+0.059%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0146%	8h	2.1523	+0.019%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0135%	4h	2.1534	+0.072%	$105K	$265K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDTshort	−0.0116%	4h	2.1540	+0.100%	$7.7M	$54.0M	75x
OKX TRUMP-USDT-SWAP	−0.0089%	4h	2.1540	+0.100%	$26.6M	$185.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0064%	4h	2.1540	+0.100%	$4K	$233K	10x	as long as short
BloFin TRUMP-USDT	−0.0031%	4h	2.1540	+0.100%	$4.1M	$690K	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1554	+0.165%	$406K	$81K	10x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1556	+0.175%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1549	+0.141%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1540	+0.100%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0058%	4h	2.1553	+0.159%	$183K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1559	+0.189%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	+0.147%	$405K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1546	+0.128%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	+0.147%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1550	+0.147%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1540	+0.100%	$15.4M	$27.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1570	+0.240%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.286%	$486K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1549	+0.143%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1592	+0.340%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0288%	1h	2.1590	+0.333%	$384K	$413K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1540	+0.100%	$214K	$410K	50x	as long as short