Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h +0.024%

Price spread now: Paradex against gTrade (Gains Network)−0.102%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.102% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$10 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	gTrade (Gains Network) TRUMP/USD	2.1594	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	7m 55s	$41K	—	150x
Short	Paradex TRUMP-USD-PERP	2.1572	−0.0178	pay 0.0178% / 8h	2h 07m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$39.17
Price spread: −0.102% → 0.000%: −$10.19
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$63.36
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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 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	2.1480	−0.528%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0368%	1h	2.1573	−0.098%	$954K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0309%	1h	2.1585	−0.042%	$82	$6K	5x	as long as short
Extended TRUMP-USD	−0.0280%	1h	2.1549	−0.210%	$74K	$739K	25x	as long as short
Binance TRUMPUSDT	−0.0277%	4h	2.1561	−0.153%	$60.8M	$251.2M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1576	−0.082%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0238%	4h	2.1580	−0.065%	$30.6M	$52.1M	50x	as long as short
Variational Omni TRUMP	−0.0193%	4h	2.1511	−0.384%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERPshort	−0.0178%	8h	2.1572	−0.102%	$5K	$175	5x
Deribit TRUMP_USDC-PERPETUAL	−0.0167%	1h	2.1584	−0.047%	$406K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0139%	4h	2.1508	−0.400%	$105K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0118%	4h	2.1580	−0.065%	$7.7M	$53.8M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0082%	4h	2.1560	−0.158%	$26.6M	$185.0M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1580	−0.065%	$5K	$233K	10x	as long as short
BloFin TRUMP-USDT	−0.0038%	4h	2.1540	−0.251%	$4.1M	$690K	75x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1596	+0.009%	$27K	$501	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1555	−0.181%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1594	long leg	$41K	—	150x
GRVT TRUMP_USDT_Perp	+0.0018%	4h	2.1520	−0.343%	$182K	$4.7M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1590	−0.019%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1587	−0.033%	$406K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1579	−0.070%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1570	−0.112%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1580	−0.065%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	−0.112%	$15.4M	$26.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.027%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.027%	$485K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1589	−0.023%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1614	+0.091%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0260%	1h	2.1612	+0.083%	$384K	$412K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1580	−0.065%	$238K	$378K	50x	as long as short