Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h +0.004%

Price spread now: Bitget against Paradex+0.114%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bitget

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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.114% dearer against Paradex than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1625	−0.0283	get 0.0283% / 8h	3h 18m	$5K	$175	5x
Short	Bitget TRUMPUSDT	2.1650	0.0100	get 0.0050% / 4h	3h 18m	$15.7M	$26.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. 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 ParadexbpFee BitgetbpOrdersPrice spread, now +0.114%Rate

Funding earned: $80.52
Price spread: +0.114% → 0.000%: $11.42
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: $75.94
Costs to cover: 0.160%
Break-even: 0.4 days

Slippage unknown: Paradex: no order-book sample; Bitget: 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 Paradex no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	2.31 bp	8.7 bp −$9	17.7 bp −$177	51.6 bp −$5,160	doesn't fit

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	−0.1765%	1h	2.1560	−0.302%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0324%	1h	2.1645	+0.091%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERPlong	−0.0283%	8h	2.1625	long leg	$5K	$175	5x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1646	+0.098%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0174%	4h	2.1630	+0.022%	$7.8M	$52.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0166%	1h	2.1648	+0.105%	$407K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0113%	4h	2.1630	+0.022%	$61.1M	$245.8M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1619	−0.029%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0107%	4h	2.1640	+0.068%	$30.7M	$50.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	+0.194%	$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
Variational Omni TRUMP	−0.0023%	4h	2.1681	+0.258%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1656	+0.142%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1682	+0.264%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0013%	4h	2.1640	+0.068%	$4K	$191K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	+0.160%	$177K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1629	+0.017%	$955K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1625	−0.001%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1667	+0.193%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1637	+0.053%	$407K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1640	+0.068%	$186K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1660	+0.160%	$27.6M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1670	+0.207%	$406K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1650	+0.114%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1650	+0.114%	$15.7M	$26.0M	75x
SunX TRUMP-USDT	+0.0100%	4h	2.1670	+0.207%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1670	+0.207%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0127%	4h	2.1640	+0.068%	$4.2M	$662K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1656	+0.143%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1685	+0.277%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0201%	1h	2.1685	+0.276%	$340K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1690	+0.299%	$280K	$277K	50x	as long as short