Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Gate+0.041%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.041%, 7d avg −0.006%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.047% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.2110	0.0100	pay 0.0050% / 4h	3h 26m	$7.6M	$47.4M	75x
Short	Binance TRUMPUSDT	2.2119	0.0100	get 0.0050% / 4h	3h 26m	$63.2M	$222.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.006%: $4.7
Slippage, 4 orders: −$21.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.18
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 2 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 Gate live order book, 2 min ago	2.27 bp	13.3 bp −$13	27.5 bp −$275	71.0 bp −$7,102	doesn't fit
Sell Binance live order book, 2 min ago	2.27 bp	11.1 bp −$11	16.1 bp −$161	40.8 bp −$4,084	192.6 bp −$96.3K

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	−0.1608%	1h	2.1910	−0.905%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2052	−0.264%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2092	−0.081%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2059	−0.231%	$414K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2056	−0.245%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2049	−0.275%	$120K	$248K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2090	−0.090%	$981K	$769K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2050	−0.271%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2111	+0.004%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2094	−0.074%	$460K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2109	−0.003%	$190K	$53K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.2119	+0.041%	$63.2M	$222.1M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2110	0.000%	$31.0M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2110	0.000%	$27.4M	$154.6M	50x	as long as short
Gate TRUMP_USDTlong	+0.0100%	4h	2.2110	long leg	$7.6M	$47.4M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.2100	−0.045%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2120	+0.045%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2120	+0.045%	$16.1M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2022	−0.400%	$706K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2030	−0.362%	$188K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2080	−0.136%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2055	−0.249%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2110	0.000%	$558K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2110	+0.001%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2050	−0.271%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0167%	1h	2.2106	−0.018%	$14.3M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2051	−0.268%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2030	−0.362%	$4.2M	$627K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0445%	1h	2.2071	−0.176%	$258K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.447%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0781%	1h	2.2078	−0.147%	$1.3M	$2.5M	50x	as long as short