Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.016%

Price spread now: dYdX against Gate−0.046%7-day average — · you buy dearer than you sell

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

Long on Gate Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.046% cheaper against Gate than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1710	−0.0044	get 0.0022% / 4h	3h 17m	$7.9M	$50.5M	75x
Short	dYdX TRUMP-USD	2.1700	−0.0014	pay 0.0002% / 1h	17m 18s	$26K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $6.37
Price spread: −0.046% → 0.000%: −$4.61
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$23.24
Costs to cover: 0.250%
Break-even: 32.5 days

Slippage unknown: Gate: live order book, 2 min ago; dYdX: 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 Gate live order book, 2 min ago	2.31 bp	12.5 bp −$12	24.8 bp −$248	67.8 bp −$6,785	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	−0.1829%	1h	2.1550	−0.737%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0317%	4h	2.1682	−0.130%	$673K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0289%	4h	2.1710	0.000%	$31.3M	$51.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0251%	4h	2.1710	0.000%	$27.2M	$182.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0251%	1h	2.1695	−0.069%	$70	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1692	−0.084%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1695	−0.071%	$74K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0223%	4h	2.1720	+0.046%	$63.4M	$246.8M	75x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1679	−0.143%	$947K	$993K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1640	−0.322%	$144K	$513K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0126%	8h	2.1700	−0.046%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0112%	4h	2.1656	−0.248%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0085%	4h	2.1720	+0.046%	$5K	$306K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0072%	1h	2.1708	−0.009%	$393K	$76K	10x	as long as short
Gate TRUMP_USDTlong	−0.0044%	4h	2.1710	long leg	$7.9M	$50.5M	75x
KuCoin TRUMPUSDTM	−0.0034%	4h	2.1700	−0.046%	$4.2M	$10.6M	50x	as long as short
dYdX TRUMP-USDshort	−0.0014%	1h	2.1700	−0.046%	$26K	$2K	5x
Bitget TRUMPUSDT	+0.0008%	4h	2.1700	−0.046%	$15.4M	$26.2M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1696	−0.064%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0015%	4h	2.1650	−0.276%	$4.3M	$692K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1685	−0.116%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0068%	4h	2.1700	−0.046%	$403K	$150K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1719	+0.041%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1711	+0.006%	$413K	$679K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1704	−0.028%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1667	−0.197%	$175K	$4.2M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1700	−0.046%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1710	0.000%	$502K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0120%	1h	2.1733	+0.104%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1696	−0.063%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0378%	1h	2.1732	+0.101%	$385K	$417K	10x	as long as short