Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.029%

Price spread now: Gate against GMX−0.260%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Gate

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—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.260% cheaper against GMX than usual: you would sell low and buy high (−$26 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	GMX TRUMP/USD [ETH-USDC]	2.1807	L +0.0216% / S −0.0188%	pay 0.0027% / 1h	28m 27s	$10K	—	100x
Short	Gate TRUMP_USDT	2.1750	−0.0074	pay 0.0037% / 4h	1h 28m	$7.6M	$49.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.260%Rate

Funding earned: −$60.96
Price spread: −0.260% → 0.000%: −$26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.96
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	2.30 bp	15.2 bp −$15	35.5 bp −$355	70.7 bp −$7,072	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	−0.1659%	1h	2.1710	−0.443%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	−0.303%	$5	—	10x	as long as short
Gate TRUMP_USDTshort	−0.0074%	4h	2.1750	−0.260%	$7.6M	$49.9M	75x
Lighter TRUMP	−0.0024%	1h	2.1741	−0.301%	$968K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1764	−0.195%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1784	−0.104%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1810	+0.015%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0021%	1h	2.1760	−0.214%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1731	−0.348%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1761	−0.211%	$106K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	+0.0053%	4h	2.1730	−0.352%	$31.0M	$48.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0075%	4h	2.1780	−0.122%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1763	−0.200%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1773	−0.155%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1755	−0.238%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1734	−0.335%	$62.9M	$237.4M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1730	−0.352%	$27.5M	$170.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1760	−0.214%	$424K	$144K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1760	−0.214%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	−0.260%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.109%	$685K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	+0.154%	$178K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1840	+0.153%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	−0.077%	$533K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1729	−0.357%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1759	−0.219%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0121%	1h	2.1780	−0.122%	$255K	$320K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0216% / S −0.0188%	1h	2.1807	long leg	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1779	−0.127%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	−0.214%	$4.2M	$657K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.719%	$280K	$297K	50x	as long as short