Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX0.000%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.034%+$3 · spread now 0.000%, 7d avg +0.012%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1420	0.0100	pay 0.0050% / 4h	39m 00s	$27.1M	$171.8M	50x
Short	Bitget TRUMPUSDT	2.1420	0.0100	get 0.0050% / 4h	39m 00s	$15.5M	$25.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.012%: −$1.17
Slippage, 4 orders: −$13.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$36.59
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 min ago.

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 OKX live order book, 5 min ago	2.32 bp	7.3 bp −$7	10.3 bp −$103	47.4 bp −$4,744	doesn't fit
Sell Bitget live order book, 5 min ago	2.32 bp	12.5 bp −$12	13.9 bp −$139	50.8 bp −$5,076	doesn't fit

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	−0.1690%	1h	2.1350	−0.327%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0280%	1h	2.1419	−0.005%	$92	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1431	+0.054%	$5	—	10x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1408	−0.056%	$947K	$933K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0217%	1h	2.1424	+0.019%	$403K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0090%	4h	2.1430	+0.047%	$7.6M	$50.6M	75x	as long as short
Variational Omni TRUMP	−0.0012%	4h	2.1461	+0.192%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1456	+0.168%	$27K	$512	5x	as long as short
Bybit TRUMPUSDT	−0.0003%	4h	2.1430	+0.047%	$30.4M	$49.3M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1448	+0.129%	$40K	—	150x	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	+0.0009%	8h	2.1422	+0.012%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0016%	4h	2.1508	+0.410%	$105K	$263K	20x	as long as short
Binance TRUMPUSDT	+0.0021%	4h	2.1421	+0.006%	$60.2M	$241.1M	75x	as long as short
Extended TRUMP-USD	+0.0024%	1h	2.1410	−0.049%	$75K	$749K	25x	as long as short
Orderly PERP_TRUMP_USDC	+0.0049%	4h	2.1420	0.000%	$4K	$215K	10x	as long as short
BloFin TRUMP-USDT	+0.0084%	4h	2.1440	+0.093%	$4.1M	$676K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1415	−0.023%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1438	+0.084%	$14.1M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1436	+0.073%	$421K	$828K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1453	+0.154%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1420	long leg	$27.1M	$171.8M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	0.000%	$404K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1430	+0.047%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1420	0.000%	$15.5M	$25.6M	75x
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1442	+0.103%	$251K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1520	+0.469%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1440	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.093%	$497K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1449	+0.135%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1444	+0.113%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1470	+0.233%	$278K	$280K	50x	as long as short