Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.049%

Price spread now: edgeX against GMX+0.064%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 edgeX

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 airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.064% dearer against GMX than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1392	L +0.0136% / S −0.0098%	pay 0.0017% / 1h	34m 42s	$9K	—	100x
Short	edgeX TRUMPUSDC	2.1405	−0.0083	pay 0.0041% / 4h	34m 42s	$104K	$253K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$46.08
Price spread: +0.064% → 0.000%: $6.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$60.65
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago	9.34 bp	16.3 bp −$16	83.1 bp −$831	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	−0.1797%	1h	2.1310	−0.382%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0404%	1h	2.1384	−0.036%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0308%	1h	2.1385	−0.031%	$78	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1381	−0.051%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1369	−0.106%	$934K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	−0.004%	$660K	$423K	—	as long as short
Binance TRUMPUSDT	−0.0171%	4h	2.1382	−0.045%	$60.5M	$251.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0170%	4h	2.1370	−0.101%	$26.6M	$183.7M	50x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1399	+0.035%	$76K	$492K	25x	as long as short
Bybit TRUMPUSDT	−0.0126%	4h	2.1370	−0.101%	$30.4M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0114%	4h	2.1400	+0.039%	$7.6M	$53.2M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0084%	8h	2.1389	−0.014%	$5K	$175	5x	as long as short
edgeX TRUMPUSDCshort	−0.0083%	4h	2.1405	+0.064%	$104K	$253K	20x
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1380	−0.055%	$5K	$271K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1400	+0.039%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1394	+0.012%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0030%	4h	2.1410	+0.086%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1372	−0.094%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.055%	$169K	$470K	50x	as long as short
BloFin TRUMP-USDT	+0.0069%	4h	2.1390	−0.008%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1392	+0.001%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1399	+0.035%	$401K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1403	+0.053%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	+0.039%	$398K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.039%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	+0.360%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.039%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.086%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0136% / S −0.0098%	1h	2.1392	long leg	$9K	—	100x
Backpack TRUMP_USDC_PERP	+0.0268%	1h	2.1434	+0.198%	$381K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1420	+0.133%	$1.3M	$2.3M	50x	as long as short