Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.024%

Price spread now: Aster against GMX+0.051%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.051% dearer against GMX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.2079	L +0.0217% / S −0.0188%	pay 0.0027% / 1h	1m 19s	$10K	—	100x
Short	Aster TRUMPUSDT	2.2090	0.0100	get 0.0050% / 4h	3h 01m	$461K	$837K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$24.48
Price spread: +0.051% → 0.000%: $5.11
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	4.45 bp	9.7 bp −$10	22.7 bp −$227	doesn't fit	doesn't fit

GMX: 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	−0.1608%	1h	2.2020	−0.266%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2071	−0.033%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2156	+0.351%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2071	−0.035%	$414K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2075	−0.017%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.546%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.2116	+0.167%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0092%	4h	2.2060	−0.085%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2070	−0.039%	$979K	$784K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2123	+0.201%	$14.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDTshort	+0.0100%	4h	2.2090	+0.051%	$461K	$837K	20x
Pacifica TRUMP	+0.0100%	1h	2.2160	+0.366%	$192K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2080	+0.006%	$63.7M	$230.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2080	+0.006%	$31.3M	$46.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2070	−0.039%	$28.6M	$163.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2080	+0.006%	$7.9M	$49.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2080	+0.006%	$476K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2090	+0.051%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2080	+0.006%	$16.0M	$23.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2051	−0.125%	$702K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+1.333%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2090	+0.051%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2065	−0.062%	$82	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2130	+0.232%	$574K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2054	−0.111%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2071	−0.035%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0217% / S −0.0188%	1h	2.2079	long leg	$10K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	2.2070	−0.039%	$4.3M	$671K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0444%	1h	2.2170	+0.413%	$259K	$305K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2230	+0.685%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0780%	1h	2.2095	+0.076%	$1.3M	$2.6M	50x	as long as short