Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0300%/8h= −32.9% APRpaid last 24h −0.058%

Price spread now: Paradex against GMX−0.167%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Paradex is 0.167% cheaper against GMX than usual: you would sell low and buy high (−$17 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]	2.1707	L +0.0170% / S −0.0143%	pay 0.0021% / 1h	20m 42s	$10K	—	100x
Short	Paradex TRUMP-USD-PERP	2.1671	−0.0130	pay 0.0130% / 8h	7h 20m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$63.1
Price spread: −0.167% → 0.000%: −$16.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$95.82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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	2.1350	−1.645%	$12K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0317%	4h	2.1682	−0.116%	$673K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0317%	4h	2.1670	−0.170%	$31.2M	$51.6M	50x	as long as short
SoDEX TRUMP-USD	−0.0250%	1h	2.1695	−0.055%	$68	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0246%	4h	2.1680	−0.124%	$27.2M	$183.4M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1682	−0.116%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0225%	4h	2.1679	−0.130%	$63.3M	$248.2M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1660	−0.217%	$74K	$492K	25x	as long as short
Lighter TRUMP	−0.0216%	1h	2.1635	−0.332%	$946K	$993K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1680	−0.124%	$144K	$515K	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-PERPshort	−0.0130%	8h	2.1671	−0.167%	$5K	$175	5x
edgeX TRUMPUSDC	−0.0117%	4h	2.1605	−0.469%	$105K	$253K	20x	as long as short
Gate TRUMP_USDT	−0.0100%	4h	2.1670	−0.170%	$7.8M	$50.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0089%	4h	2.1700	−0.032%	$5K	$302K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0040%	4h	2.1660	−0.216%	$4.2M	$10.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0026%	1h	2.1707	0.000%	$393K	$76K	10x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1691	−0.075%	$26K	$2K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1707	−0.002%	$41K	—	150x	as long as short
Bitget TRUMPUSDT	+0.0012%	4h	2.1670	−0.170%	$15.4M	$26.3M	75x	as long as short
BloFin TRUMP-USDT	+0.0014%	4h	2.1710	+0.014%	$4.3M	$693K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1681	−0.118%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0074%	4h	2.1670	−0.170%	$403K	$150K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1663	−0.203%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1670	−0.171%	$412K	$679K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1678	−0.134%	$186K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1650	−0.262%	$178K	$4.2M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.060%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1710	+0.014%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0120%	1h	2.1724	+0.078%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0170% / S −0.0143%	1h	2.1707	long leg	$10K	—	100x
Backpack TRUMP_USDC_PERP	+0.0381%	1h	2.1729	+0.101%	$385K	$422K	10x	as long as short