Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0169%/8h= −18.6% APRpaid last 24h +0.019%

Price spread now: Binance against gTrade (Gains Network)+0.073%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Binance is 0.073% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1504	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	48m 59s	$41K	—	150x
Short	Binance TRUMPUSDT	2.1520	−0.0161	pay 0.0081% / 4h	48m 59s	$60.9M	$250.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now +0.073%Rate

Funding earned: −$35.59
Price spread: +0.073% → 0.000%: $7.25
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.34
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 10 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	2.34 bp	10.6 bp −$11	14.3 bp −$143	37.8 bp −$3,782	196.0 bp −$98.0K

gTrade (Gains Network): 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	−0.1797%	1h	2.1370	−0.625%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0260%	1h	2.1495	−0.044%	$82	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1491	−0.061%	$5	—	10x	as long as short
Binance TRUMPUSDTshort	−0.0161%	4h	2.1520	+0.073%	$60.9M	$250.9M	75x
Extended TRUMP-USD	−0.0160%	1h	2.1519	+0.069%	$74K	$493K	25x	as long as short
Variational Omni TRUMP	−0.0140%	4h	2.1411	−0.435%	$661K	$423K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0130%	4h	2.1510	+0.026%	$26.7M	$184.8M	50x	as long as short
Lighter TRUMP	−0.0104%	1h	2.1501	−0.016%	$940K	$1.0M	10x	as long as short
Gate TRUMP_USDT	−0.0092%	4h	2.1520	+0.073%	$7.7M	$53.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1434	−0.329%	$105K	$255K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0079%	4h	2.1520	+0.073%	$30.6M	$52.7M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0075%	1h	2.1509	+0.021%	$405K	$81K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0050%	4h	2.1480	−0.113%	$5K	$262K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0048%	8h	2.1483	−0.098%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1486	−0.086%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1504	long leg	$41K	—	150x
Aevo TRUMP-PERP	+0.0040%	1h	2.1482	−0.105%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1490	−0.067%	$173K	$463K	50x	as long as short
KuCoin TRUMPUSDTM	+0.0058%	4h	2.1490	−0.067%	$4.1M	$10.9M	50x	as long as short
BloFin TRUMP-USDT	+0.0079%	4h	2.1520	+0.073%	$4.2M	$704K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1532	+0.128%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1525	+0.094%	$404K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1493	−0.053%	$185K	$53K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	−0.020%	$400K	$146K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1530	+0.119%	$15.4M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1429	−0.351%	$177K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.073%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	+0.073%	$483K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1509	+0.022%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0287%	1h	2.1544	+0.184%	$385K	$423K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0597%	1h	2.1527	+0.104%	$1.3M	$2.3M	50x	as long as short